Bet on defense: Leeb's look at Lockheed (LMT)

Filed under: International markets, Newsletters, Lockheed Martin (LMT), Stocks to Buy

"Investors should be well rewarded in the coming years by buying with major U.S. defense companies at current prices," says Gregory Dorsey.

The contributing editor to Stephen Leeb's Income Performance Letter explains, "The U.S. has more than doubled our sales of armaments to foreign nations over the past three years. And regardless of who wins the election, we expect this to continue."

"We're adding one for growth and income to our portfolio now. Lockheed Martin (NYSE: LMT) is a premier defense contractor. It's best known for its fighter jets.

"For example, Lockheed is now developing the F-35, also known as the Joint Strike Fighter, the replacement for the current generation of front-line fighters.

"But the company is actually engaged in four broad business areas, each of which should enjoy strong growth for years to come.

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Bet on defense: Leeb's look at Lockheed (LMT) originally appeared on BloggingStocks on Fri, 31 Oct 2008 14:00:00 EST. Please see our terms for use of feeds.

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