Penn Wealth Publishing

2021.01.10 Penn Wealth Report Vol 9 Issue 01

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See disclaimers on the back cover of e Report. is is not a solicitation to invest. Always consult your financial professional before making an investment. *As of date/time written Penn Wealth Report Copyright 2021. All Rights Reserved. investment intelligence investment intelligence 10 Jan 2021 penn wealth Report volume 9 issue 01 17 Suitable for the Global Leaders Club Lockheed Martin is the world's largest defense contractor, dominating the free world's market for high-end fighter aircraft since the beginning of the century (supplant- ing the former McDonnell Douglas, which was absorbed by troubled Boeing in 1997). In addition to its Aeronautics division, the com- pany operates in the Missiles & Fire Control, Rotary & Mission Systems, and Space Systems segments. The company was founded in 1912, nine years after the first powered flight. INVESTMENT PROFILE Symbol: LMT Class: Large-Cap Value Sector: Industrials Industry: Aerospace/Defense Current Price*: $340 Target Price 1: $450 Lockheed's revenues have increased at a healthy clip every year since 2013, reach- ing $64 billion over the trailing twelve months (TTM). Also over the TTM, the company had earning per share of $23.31—a nice bump from the $21.95 shown on the graph, which represents calendar year 2019. e NEXT-C ion engine; photo courtesy of NASA/Aerojet Rocketdyne

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