10 Cheapest High Quality Stocks to Buy According to Hedge Funds

6. Lockheed Martin Corporation (NYSE:LMT)

Forward P/E Ratio: 17.37

Number of Hedge Fund Holders: 68

Lockheed Martin Corporation (NYSE:LMT) is one of the 10 Cheapest High-Quality Stocks to Buy According to Hedge Funds. On June 10, Lockheed Martin Corporation (NYSE:LMT) announced expanding its synthetic aviation turbine fuels to F-16 Fighting Falcon and C-130 Hercules.

Earlier this year, Lockheed Martin Corporation (NYSE:LMT) approved the use of synthetic aviation turbine fuels in the F-35 Lightning II. The new fuel sources helped the company in readiness by reducing reliance on the extended supply chain. Management noted that the company is demonstrating its dedication to energy resilience and mission readiness. The approval allows F-35s, F-16s, and C-130s to use synthetic blends of fuels with traditional fuels in a 50% ratio.

Synthetic aviation turbine fuels are advanced alternative fuels derived from a variety of sources. They are engineered to meet stringent aviation standards, providing a cleaner, more adaptable energy option for military aviation.

Lockheed Martin Corporation (NYSE:LMT) is a leading aerospace and defense company that operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.