Lockheed Martin Corporation


SKU: LMT Category:


This is our first report on defense major, Lockheed Martin. The company failed to meet revenue expectations of Wall Street from the beginning of 2022 but its earnings were in line with its expectations because of program life cycle transitions. Along with the anticipated program effects, the company also observed some timing effects on sales, primarily due to the impact of the Omicron variant. The company is currently experiencing some negative effects on their operations and supply chain from the winter surge and the Omicron variant but these are largely due to short-term timing issues. Furthermore, the DoD also increased its investments in crucial technological advancements like Future Vertical Lift and hypersonics, which are essential components of their multi-pillar growth strategy. They also anticipate offering their customers cutting-edge solutions for these and other crucial missions. This quarter, their Sikorsky team received over $1 billion in orders for the CH-53K platform which is a positive news. We initiate coverage on Lockheed Martin with ‘Hold’ rating.

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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