Geopolitical tensions have been on the rise in recent years, especially with the conflicts in Ukraine and the Middle East. One might expect that defense contractors have delivered outsize returns, but that just hasn't been the case.

Take Lockheed Martin (NYSE: LMT), for example. From the start of 2023 until just a few weeks ago, the stock hadn't gained any ground for investors. The company has faced challenges, including declining profit margins and a pause in deliveries for its F-35 jets amid technological upgrades.

Things are beginning to look up for the defense contractor. Lockheed recently reported solid second-quarter results, and the United States has resumed taking deliveries on its jets after a nearly year-long pause. Here's what you need to know about Lockheed and why now may be a good time to jump on board.

Continue reading

Source Fool.com