DemandDemand across the US and Europe appears robust for much of what the company sells: air and missile defense, munitions/missiles, fifth gen aircraft, and all things related to space.
Future OpportunitiesManagement continues to see strong future growth opportunities driven by increased customer demand for munitions and missile defense systems.
ValuationThe valuation for Lockheed Martin, the largest US Defense pureplay, has become too cheap to ignore at a time when global budgets are accelerating.