finance.yahoo.com

Cramer Backs Lockheed Martin as Defense Demand Accelerates

Lockheed Martin logoLockheed Martin
Sig2.20Sen+4.85Env0.00Soc0.00Gov0.00
General Dynamics logoGeneral Dynamics
Sig2.15Sen-2.05Env0.00Soc0.00Gov0.00

Cramer says his favorite defense name is Lockheed Martin, pointing to stronger momentum than General Dynamics. Lockheed reported $20.1B in quarterly revenue (+11% y/y), won $65B in new orders, and lifted backlog to a record $230B. He also notes earnings-comparison risk could make the rebound look better than the raw comparison.

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