Lockheed Scores Blockbuster $24 Billion Sale of 296 F-35s

Valued at almost $120 billion, with nearly $72 billion in annual revenue yielding $4.2 billion in annual profit, Lockheed Martin (NYSE: LMT) remains the most valuable pure-play defense stock in the world. (Although if you look at market capitalization exclusively, one could argue Palantir (NASDAQ: PLTR) is even bigger, despite boasting much smaller revenues.)Best known for its military aircraft, in 2024 Lockheed delivered 90 helicopters to its several customers, 21 C-130J transport aircraft, 16 F-16s, and 110 F-35 Lightning II stealth fighter jets. With every passing year, and F-35 production continuing to ramp, Lockheed Martin is transforming itself into an F-35 company. And perhaps next year more so than ever.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool