Topic: How To Invest

Pat: What is your opinion on Lockheed Martin Corp.? Thanks.

Article Excerpt

A: Lockheed Martin Corp., $261.53, symbol LMT on New York (Shares outstanding: 304.4 million; Market cap: $79.6 billion; www.lockheedmartin.com), is the world’s largest defense contractor. In 2015, the U.S. government supplied 78% of its revenue. Lockheed has five businesses: Aeronautics (32% of revenue) makes and services military aircraft, including the F-16, F-22 and F-35 fighter jets, as well as the C-130 and C-5M transport planes; Mission Systems and Training (26%) offers control systems for military aircraft and ships. It also makes flight simulators and other training gear. This segment includes Sikorsky Aircraft; Space Systems (18%) makes rockets and satellites; Missiles and Fire Control (13%) makes ballistic missiles and laser-guided bombs, as well as control systems for nuclear-powered vessels and nuclear plants; Information Systems and Global Solutions (11%) offers data and audio/visual communication systems for governments and corporate clients. In November 2015, Lockheed acquired…