"President Trump issued a stark warning that without a deal by his Tuesday deadline, Iran would lose its power plants and bridges in a four-hour operation that sends the country back 'to the Stone Ages.'"
"Lockheed Martin builds the tools of modern conflict - F-35 jets, missiles, and radar systems that see heavy use in sustained airstrikes, with a record backlog of $194 billion."
"The trailing P/E ratio sits at 29, higher than the five-year average of 25.7 but in line with defense peers facing similar demand, indicating resilience in Lockheed Martin's financials."
Oil prices have surged past $117 a barrel, prompting President Trump to issue a warning to Iran about potential military action. He stated that without a deal by Tuesday, Iran could face significant destruction. This situation poses risks to 20% of global oil supply, causing crude prices to jump. Aerospace and defense contractors, particularly Lockheed Martin, and U.S. LNG exporters are expected to benefit. Lockheed Martin reported a $194 billion backlog and significant revenue growth, indicating strong demand for defense products amid rising tensions.
Read at 24/7 Wall St.
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