Why Lockheed Martin May Be an Underrated Stock to Buy Right Now

Lockheed Martin is presented as an attractive defensive investment offering value, stability, and dividend income. The defense contractor has risen 15% this year, trades at a forward P/E of 16 (below S&P 500 average of 19), and offers a 2.6% dividend yield with 24 consecutive years of increases. The company demonstrated resilience during the 2022 market crash, gaining 40% including dividends while the S&P 500 fell 18%, benefiting from strong U.S. government defense spending.