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Lockheed Martin Corporation

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Lockheed Martin started off 2017 on a mixed note. Its earnings figure comfortably surpassed the Zacks Consensus Estimate, whereas its revenue figure failed to meet the mark. However, revenues improved year over year. The raised top-line guidance for 2017 also encourages us. Being the largest defense contractor in the world, Lockheed Martin continues to be a strong cash generator, which, in turn, helps it to take important cash deployment decisions. The company has a solid presence in both domestic as well as international markets. Further, increased budget for the Department of Defense is expected to boost defense giants like Lockheed Martin.  However, the company underperformed the Zacks categorized Aerospace-Defense industry during the last one year.  Tough competition also remains a major dampener for the stock.


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