LMT's main customer is the U.S. government. About 75% of sales in 2023 were from contracts with the U.S. Defense Department, which has the biggest military budget in the world. Among its key long ...
Because there was a discrepancy between LMT's valuation, which was elevated due to high demand, and the company's ability to deliver, I deemed it as a 'Hold'. Then came the second-quarter report ...