Lockheed Martin: The Post-Earnings Plunge Is A Golden (Dome) Buying Opportunity

Lockheed Martin's post-earnings plunge is an overreaction, as one-time charges masked strong underlying results and robust long-term demand for defense remains intact. The stock's current price near $400 offers a compelling entry point, with historical support and an attractive valuation at 15x forward earnings and a nearly 3% yield. Major growth catalysts include the potential Golden Dome project and increased European/NATO defense spending, positioning Lockheed Martin for significant contract wins.