Is Lockheed Martin Stock a Buy?
Lockheed Martin (NYSE: LMT) has a new general in charge, with Jim Taiclet on June 15 replacing Marillyn A. Hewson as CEO in a planned leadership transition. Taiclet has big shoes to fill. During Hewson's 2013-2020 tenure as CEO, Lockheed Martin shares climbed more than 300%, easily outpacing the S&P 500's 115% gain.
It's going to be hard to keep that momentum going. In recent years, Lockheed Martin shares have ridden the wave of increased defense spending, but due to COVID-19 and other reasons those increases are likely to shrink in the years to come.
A change in leadership is often a good time to reassess a stock. Here is a deep dive into Lockheed Martin's outlook to determine if the aerospace, defense, arms, security, and advanced technologies company is still a good buy today.
Source Fool.com
