Lockheed Martin: Reconsider Your Plans To Buy The Dip (Rating Downgrade)

Lockheed Martin faces near-term headwinds with significant program losses impacting Q2 earnings and segment margins, leading to a more cautious outlook. Despite disappointing results, full-year sales guidance remains intact, and long-term resilience is expected, with a massive backlog supporting future performance. The stock now appears fairly valued, as the P/CF ratio reflects current challenges but also signals potential recovery in cash flows over time.