Lockheed Martin (LMT) Expert Call Offers a Bullish View on the F-35 - Morgan Stanley

Morgan Stanley analyst Kristine Liwag reiterated an Overweight rating and $521.00 price target on Lockheed Martin (NYSE: LMT) after hosting an expert call with a Senior Analyst from the Teal Group, an A&D market intelligence firm. The expert spent over a decade as Congress’ in-house military aviation analyst and has visibility into the drivers of and tone of funding and global demand. The net takeaway was that the Ukraine situation is driving Congress to increase funding as well as making the case for International adoption.

The analyst stated "Gertler anticipates Congress will plus up the FY23 request for the F-35 program (~$11bn for 61 planes). We note that in FY21, Congress funded an additional 17 F-35s above the DoD’s request for 79 aircraft." Additionally, he stated "The situation in Eastern Europe is underscoring the need for the F-35 as NATO allies reassess their ability to operate in contested environments. LMT has seen strong international demand for the aircraft in recent months, evidenced by interest from Germany (35 aircraft), Canada (88 aircraft) and Finland (64 aircraft)."

For an analyst ratings summary and ratings history on Lockheed Martin click here. For more ratings news on Lockheed Martin click here.

Shares of Lockheed Martin closed at $454.58 yesterday.

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