If you're seeking a reliable dividend stock with stable cash flows, the defense contractor Lockheed Martin (NYSE: LMT) is one company you might want to consider. The war in Ukraine and rising tensions in the Middle East have sparked a newfound interest in defense stocks, and Lockheed is one of the largest defense contractors in the U.S.
Lockheed Martin's margins have come under question, and the stock has fallen 7% compared to the S&P 500's 19% gain in 2023. Is the stock a buy? Let's find out.
Lockheed Martin is a contractor that designs and develops advanced technology systems in aerospace, defense, and information security, primarily for governments and some commercial customers.
Source Fool.com