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Lockheed Martin Can Keep Flying Higher in 2020

TheMotleyFool

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Lockheed Martin Can Keep Flying Higher in 2020

Lockheed Martin (NYSE: LMT), the world's largest defense contractor, has been on an impressive run over the last five years, as it has capitalized on an uptick in Pentagon spending. Its shares are up more than 130% since early 2015, more than doubling the S&P 500's 63% gain.

Defense is traditionally a cyclical business, and with election-year budget and deficit talk on the rise there have been some concerns that defense stocks have run about as far as they can. But Lockheed Martin in its year-end earnings discussion made a strong case the momentum can continue through 2020 and beyond, and gave no reason to change my view it is among the best defense stocks to buy right now.