Is this the best dividend stock in the immortal arms industry?
The arms and defence industries are popular among investors for many reasons. However, picking the right player may not be so easy. But one outshines all others at first glance. Is this company clearly the best choice in this sector?
Lockheed Martin $LMT is an American multinational company based in Maryland that specializes in the development and manufacture of aerospace systems. The company was founded in 1995 by the merger of Lockheed Corporation and Martin Marietta. Lockheed Martin is one of the largest suppliers of defense and security solutions in the world.
Lockheed Martin has an extensive portfolio of products and services, including aircraft, helicopters, satellites, missile systems, security and information technology, and much more. The company operates in various fields such as defense, space, civil aviation and security technologies.
Lockheed Martin also has a strong market position and significant relationships with the US government. The company is one of the largest…
Great, thanks for the tip and nice article.
I don't hold them so much for the dividend as for the idea that they'll be around forever. They'll just keep innovating technology and weaponization will just keep happening.
It looks tempting. Plus, it's a good time, the whole world is starting to arm itself. I'd like to take the whole ETF with similar companies.
I've grown to like$LMT in the last few days. It's rising nicely and still near its highs. They have great government contracts and are innovators. They will certainly grow in the future.