Report
Chris Higgins
EUR 101.80 For Business Accounts Only

Lockheed's F-35 fighter program will drive revenue and profit growth for the company.

Reports surfaced this week that President Donald Trump’s administration plans to increase fiscal 2018 defense spending significantly. The administration’s initial statements coupled with the budget and political environment confirm our forecast of around $650 billion in defense spending for fiscal 2018, of which $625 billion-$630 billion will go to the Department of Defense. We view the major defense contractors we cover--Lockheed Martin, Northrop Grumman, Raytheon, General Dynamics, Boeing, and...
Underlying
Lockheed Martin Corporation

Lockheed Martin is a security and aerospace company. The company has four segments: Aeronautics, which is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft; Missiles and Fire Control, which provides air and missile defense systems, logistics, fire control systems, and mission operations support; Rotary and Mission Systems, which provides design, manufacture, service and support for military and commercial helicopters, radar systems, and simulation and training services; Space, which researches, designs, develops, engineers and produces satellites, space transportation systems, and strategic, strike, and defensive systems.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Higgins

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