Why Lockheed Martin Stock Keeps Going Up

Lockheed Martin reported strong Q2 results with 11% sales growth and 444% profit growth, along with raised guidance. The company's book-to-bill ratio of 3.2x signals robust future demand. Five analysts raised price targets, and the stock gained 2.1% to $580+ per share. Trading at 16.5x free cash flow, the stock appears undervalued despite concerns about potential Congressional election impacts on defense budgets.