Lockheed Martin - Flying higher?

This is particularly a great period to take a look at the company, as it is a business that benefits during geopolitical uncertainty.

Lockheed Martin is a global security and aerospace company that provides advanced technology systems, products, and services. Its four business segments are Aeronautics, Missiles and Fire Control, Rotary, and Mission Systems, and Space.

In an age of global uncertainty, with the Russian-Ukraine war still ongoing, spending on self-defense is slated to grow.

Lockheed Martin's business is poised to take advantage of this. Its Aeronautics business offers the best-in-class F-35 Lightning II fighter jet, the C-130 Hercules transport aircraft, and the F-22 Raptor fighter jet.

It also offers missiles & Fire control, and Rotary &Mission systems.

Revenue grew from USD 15.4 billion to USD 16.7 billion, up 8% YoY.

Operating profit is also up from USD 1.76 billion to USD 1.86 billion, up 5.2% YoY.

LMT is also taking the opportunity to revise its 2023 outlook higher.

Revenue for 2023 is adjusted upwards to USD 66,250- USD 66,750. Diluted earnings per share will also inch up to USD 27.00 - USD 27.20.

However free cash flow and operating cashflow will remain the same.

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