Here’s Why I Won’t Exit Lockheed Martin or Defense Stocks

On Tuesday morning, defense and aerospace giant Lockheed Martin (LMT) , which is a long-time Sarge name though I had recently reduced exposure, released the firm’s fourth quarter financial results.

For the three month period ended December 31st, Lockheed Martin posted adjusted EPS of $7.79 (GAAP EPS: $7.40) on revenue of $18.991B. The revenue print was good enough for year over year growth of 7.1%, while the GAAP earnings per share number compares to $7.47 for the year ago…

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