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3/24/2023 0 Comments Lmt stock investment guide![]() ![]() Our outstanding cash generation and strong balance sheet also provide us the flexibility to complete a $1 billion accelerated share repurchase agreement this quarter to opportunistically buy back stock. Altogether, these results reflect the high level of execution being achieved across the company. Our cash generation remains outstanding, driving over $1.7 billion of cash from operations this quarter, which includes the nearly $1.4 billion downward impact of accelerating payments to our suppliers, including thousands of small and vulnerable companies that are especially stressed due to COVID-19 impacts. We also plan to strengthen Aerojet Rocketdyne's capabilities as a merchant supplier with improved offerings for all of its industry and government customers, which is a critical component of closing our acquisition business case. The strategic acquisition of Aerojet Rocketdyne that we announced in December, a transaction we believe will enhance Lockheed Martin's ability to develop and supply advanced products in support of national security and our civil space objectives. We continue to deliver these results in spite of the ongoing difficulties presented by the COVID-19 pandemic. Our achievements reflect the quality of our workforce, the breadth of our products and services, and the focus we all have on delivering value to our customers and stockholders. We had strong financial results this quarter and continue to perform at a high level strategically and operationally. A quote from the 1st quarter earnings call by CEO James Taiclet sums up the good business expansion as the impact of the COVID pandemic decreases, helping the company get back to normal with defense budgets being stable to slightly increased. ![]() Lockheed Martin is a great investment for the moderate growth investor and dividend income growth investor with 20 years of increasing dividends and great aircraft that are being bought by foreign governments. These guidelines provide me with a balanced portfolio of income, defensive, total return, and growing companies that hopefully keep me ahead of the Dow average. For a complete set of guidelines, please see my article " The Good Business Portfolio: Update to Guide-lines, March 2020 ". I use a set of guidelines that I codified over the last few years to review the companies in The Good Business Portfolio (my portfolio) and other companies that I am reviewing. I want to add to this starter position whenever cash is available at this good entry point.Īs I have said before in previous articles: Lockheed Martin is 0.9% of The Good Business Portfolio, being my IRA portfolio of good business companies that are balanced among all styles of investing. The remainder of the cash is used to increase dividends each year and buy back shares, raising the stock price. ![]() Lockheed Martin has good cash flow, and the company uses some of the cash to expand its product line. Lockheed Martin ( NYSE: LMT), the largest manufacturer of military defense systems and other non-defense government systems, is a buy for the dividend income and total return growth investor. 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