10 Undervalued Aerospace Stocks to Buy Now

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​1. Lockheed Martin Corporation (NYSE:LMT)

Forward P/E Ratio: 21.6

Number of Hedge Fund Holders: 73

​Lockheed Martin Corporation (NYSE:LMT) is one of the Undervalued Aerospace Stocks to Buy Now. On September 16, Lockheed Martin Corporation (NYSE:LMT) announced an upgrade to South Korea’s F-16 Block 52 flight simulators. The upgrade is based on the advanced capabilities of the upgraded F-16 Viper aircraft.

​Management noted that the contract spans six years; in this time, the company will upgrade nine simulators at Seosan and Chungju Air Bases. The simulators will be upgraded to match the F-16V configuration, and the company will also continue contractor logistics support.

​Todd Morar, Lockheed Martin’s VP of Air and Commercial Solutions, highlighted the importance of accuracy in ground-based training. He also noted that the update includes advanced avionics, an Active Electronically Scanned Array radar, a modern cockpit, and new weapons systems.

​Lockheed Martin Corporation (NYSE:LMT) is a global aerospace and defense company. It designs and builds advanced military aircraft, missile systems, helicopters, and space technology.

While we acknowledge the potential of LMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LMT and that has 100x upside potential, check out our report about this cheapest AI stock.

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