Jim Cramer Explains Why He Likes Lockheed Martin

Lockheed Martin Corporation (NYSE:LMT) is among Jim Cramer’s recent stock calls as he urged investors to stand by the defense sector. Cramer mentioned the company while highlighting the growing demand for missile defense systems, as he stated:

First, we want anything and everything related to exposure to missiles. From the war in Ukraine to the perpetual defense of Israel, the latest war in Iran, the common thread has been that we never have enough missiles. There’s an asymmetry here because we’re using million-dollar missiles to shoot down drones that might cost tens of thousands of dollars or less. That’s a long-term problem for our military.

But in the meantime, we desperately need to make more of these interceptors to keep our troops and our allies safe. That’s why I like Lockheed Martin, which is behind some of the… really some of the great defensive missile programs like the Terminal High Altitude Area Defense. You might have seen that as… THAAD. That’s the system we’ve used in the Middle East and also the Aegis BMD system for ballistic missile defense. Lockheed does a ton of business selling missile systems to everyone, as well as selling previous-generation fighter jets to allies.

Image by Sergei Tokmakov Terms.Law from Pixabay

Lockheed Martin Corporation (NYSE:LMT) designs and maintains aircraft, missile systems, and helicopters for government and military use. The company also produces satellites, naval vessels, and cybersecurity tools.

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