Report
Chris Higgins
EUR 101.80 For Business Accounts Only

Lockheed's missile defense business, F-35 program, and CH-53K helicopter will drive future growth.

Wide-moat Lockheed Martin reported fourth-quarter and full-2017 results. There is a lot of EPS noise due to tax reform, but operating profit came in slightly above expectations and revenue crushed consensus. Guidance for 2018 didn’t differ materially from the outlook provided last year, but management did outline accelerated pension contributions. We’re planning to raise our $284 fair value estimate by about 7% due to a lower tax rate (we had 22% versus 18% guidance) and higher revenue growth du...
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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