Lockheed Martin Corp

LMT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$431.00	Dfg	Kszkpldcn

Lockheed Martin Earnings: We Love It When a Plan Comes Together; FVE Up 2.5% to $499

Nicolas Owens

Jul 23, 2024

Lockheed Martin reported second-quarter 2024 results on July 23 that surpassed our revenue expectations in all its segments, by a total of $2.5 billion. Operating profits exceeded our forecast by $240 million and with slightly higher full-year projections baked into our model, we raised our fair value estimate for this wide-moat defense behemoth to $499 from $486.

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