11 Best Large Cap Defense Stocks to Buy According to Analysts

3. Lockheed Martin Corporation (NYSE:LMT)

Share Price on August 4: $423.70

Average Upside Potential: 14.98%

Lockheed Martin Corporation (NYSE:LMT) is among the 11 Best Large Cap Defense Stocks to Buy According to Analysts. On August 6, the company announced that its first Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) Geosynchronous Earth Orbit (GEO) Block 0 satellite had completed environmental testing.

The new missile warning satellite, which is more capable and survivable, completed both thermal vacuum and acoustic testing, putting it on track for delivery. The tests were performed at Lockheed Martin Corporation (NYSE:LMT)’s space facility in Sunnyvale, California.

During the thermal vacuum testing, the Next-Gen OPIR GEO withstood a challenging, simulated space environment with extreme temperatures and low pressures of space. The acoustic testing proved that the satellite can handle the violent vibrations it will face during launch.

With environmental testing complete, Lockheed Martin Corporation (NYSE:LMT) says the missile warning satellite is now in the final systems integration phase, where it will test connections with ground systems. The Next-Gen OPIR GEO will provide an unmatched view of the planet’s mid-latitudes to detect threats to the United States and its allies.