Lockheed Martin Corporation

$19.00

SKU: LMT-1 Category:

Description

Lockheed Martin Corporation delivered an all-around beat and has shown resilience in an uncertain market environment with its strong financial performance in the third quarter of 2023. The company reported a 2% increase in sales year-over-year, reaching $16.9 billion, and delivered a robust free cash flow of $2.5 billion. Lockheed Martin’s solid backlog of $156 billion reflects the relevance and importance of its portfolio in the face of increasing global geopolitical tensions. Looking ahead to 2024, the company has refrained from providing specific financial guidance due to uncertainties surrounding the US defense budget, geopolitical tensions, and the macroeconomic environment. However, Lockheed Martin reaffirmed its full-year 2023 financial outlook and is optimistic about consistent support for the National Defense Strategy and funding for its priorities. The company remains focused on executing its 21st Century security strategy by enhancing production operations, driving advanced digital technologies, and expanding its international business and operations. While Lockheed Martin’s F-35 program is generating strong interest both domestically and internationally, investors should monitor the delivery timeline for the Technology Refresh 3 (TR-3) configuration. Any delays in software development and testing could impact the timing of deliveries and potentially affect earnings recognition, but the underlying sales margin is not expected to be significantly impacted. Furthermore, the company’s diverse portfolio across Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments provides stability and growth opportunities.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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