“Is Lockheed Martin a Safe Defensive Dividend Stock to Buy Right Now? | LMT Stock Analysis”
$LMTBullish
LMT is a buy with medium conviction due to undervaluation (forward P/E 16.6; fair value $660 vs price $544).
Amid rising geopolitical tensions, it is not surprising that Lockheed Martin has received a $64 billion increase in its order book . This brings its total order book to $230 billion, and this quarterly increase is larger in magnitude than some AI companies that are experiencing increased demand.