Shares of Lockheed Martin (LMT) have soared in recent months, gaining about 25% year-to-date at a time when the broader market has mostly been in decline. After such gains, you may be wondering whether LMT stock is still a good investment. U.S.-based Lockheed is the world’s largest defense contractor. In addition to making weapons such as missiles, it also provides cybersecurity and other technology solutions. Lockheed’s decision to abandon its bid to acquire Aerojet Rocketdyne (AJRD) because of an antitrust issue left many investors wondering if the move would diminish its prospects. However, Lockheed’s business outlook remains promising.
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