5 Best Aerospace and Defense Stocks to Invest In

4. Lockheed Martin Corporation (NYSE:LMT)

Number of Q3 2023 Hedge Fund Shareholders: 60

Lockheed Martin Corporation (NYSE:LMT) is the well known American defense and aerospace stock that makes some of the most advanced aircraft in the world. As 2024 marks the expansion of conflict in the Middle East, Lockheed Martin Corporation (NYSE:LMT) is busy expanding its global partnership and has teamed up with Saudi companies to allow them to make components of its missile defense system.

Insider Monkey scoured through 910 hedge fund holdings for last year’s third quarter and discovered that 60 had bought the firm’s shares. Lockheed Martin Corporation (NYSE:LMT)’s biggest hedge fund investor is John Overdeck and David Siegel’s Two Sigma Advisors as it owns 895,100 shares that are worth $366 million.