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Lockheed Martin Corporation

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Lockheed Martin reported better-than-expected first-quarter 2015 earnings even after incurring severance expenses. It even boosted its full-year 2016 outlook for EPS, revenues, operating profit and cash flow. The solid outlook, impressive revenue growth, and potential share buybacks are positives. Steady flow of contracts from the Pentagon reveals its inherent strength. Again, its growing international mix and new positive defense budget revisions will likely act as a major tailwind. However, the threat of sequestration lurks over this defense major, as it draws a major portion of its revenues from the defense department. The weak backlog is also a concern.

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