Investing In Defense Sector: Raytheon (RTX) & Lockheed Martin (LMT)

"Last week, Lockheed Martin (LMT) earnings report was barely in line and they announced a bigger share buyback. The LMT stock price was still up 9%. This is likely due to greater concern with China because of semiconductor controls by the government and Xi Jinping's aggressive speech. The biggest missile producers are Lockheed Martin (LMT) and Raytheon (RTX). Currently, the RTX stock is selling at a discount," says Cai Von Rumohr.

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24 Oct 2022

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