Raytheon Company (RTN): Is Lockheed Martin Corporation (LMT) Destined for Greatness?

Fool contributor Rich Smith notes that the U.S. Department of the Interior has awarded Lockheed a $1 billion contract to establish a cloud-based services platform which will handle all the data and applications currently stored in more than 400 government data centers. Lockheed has also bagged a $223.3 million contract from the government of South Korea for a supply of night vision sensors. Javelin, a joint venture between Lockheed and Raytheon Company (NYSE:RTN), recently won a $67.7 million contract to supply Javelin Block I Tactical Missile Rounds to the U.S. Army and Marine Corps.

In addition, Lockheed recently gained a $48.8 million option contract from the Pentagon to provide technical engineering and configuration management services for the U.S. Navy. The U.S. Department of Defense has also awarded Lockheed four different contracts worth $102.2 million in aggregate, to supply AN/AAQ-30 target sight systems and three Aegis modernization upgrade equipment sets, and to perform modernization on the Aegis combat system-equipped guided missile cruisers and destroyers.

Putting the pieces together

Today, Lockheed Martin has few of the qualities that make up a great stock, but no stock is truly perfect. Digging deeper can help you uncover the answers you need to make a great buy — or to stay away from a stock that’s going nowhere.

The article Is Lockheed Martin Destined for Greatness? originally appeared on Fool.com and is written by Alex Planes.

Fool contributor Alex Planes has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin and Raytheon.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.