Jim Cramer on Lockheed Martin: “I Wouldn’t Be Surprised If It’s Got More Upside Already”

Lockheed Martin Corporation (NYSE:LMT) is one of the noteworthy S&P 500 stocks Jim Cramer highlighted. Cramer highlighted the change in its stock price action over the last 12 months, as he commented:

Next, the seventh best performer last month was Lockheed Martin, up 31%, defense play. What a difference a year makes. 12 months ago, Lockheed was in free fall with Wall Street terrified that the Trump administration would slash defense spending. A year later, Elon Musk’s DOGE has been disbanded, and the President’s calling for a 50% increase in the defense budget, which is why Lockheed’s on fire. Last Thursday, the company… backed up its gains with an excellent quarter. I really liked their conference call. It featured a top and bottom line beat, and more importantly, a terrific full-year forecast. I wouldn’t be surprised if it’s got more upside already. Jim Taiclet is an awesome CEO. Yeah, I really loved the quarter. You know, spent some time on it, just went page by page. Really good.

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

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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Disclosure: None. This article is originally published at Insider Monkey.