Stock of the United States’ largest defence contractor Lockheed Martin was downgraded to Hold from Buy at Deutsche Bank by 14.5 percent, with a price target of $523
Cope how? I’m not a fan. The worst thing in the world for Lockheed would be if US’s adversaries decided they weren’t going to be designing any new weapons systems. Lockheed runs on fear of what’s next.
Lockheed model of sucking up taxes without producing anything only works when the US feels they have superiority over the adversaries. Now that it’s becoming clear this is not the case, there will be a push to actually have to produce things that work, and Lockheed isn’t good at doing that.
Lockheed’s stock price fell because they missed on earnings. It’s batshit to think a new fighter coming out of China would be bad for Lockheed. 🤡
A 6th gen fighter coming out of China while the US can’t make their 5th gen fighter work properly certainly does look bad for Lockheed.
Cope how? I’m not a fan. The worst thing in the world for Lockheed would be if US’s adversaries decided they weren’t going to be designing any new weapons systems. Lockheed runs on fear of what’s next.
Lockheed model of sucking up taxes without producing anything only works when the US feels they have superiority over the adversaries. Now that it’s becoming clear this is not the case, there will be a push to actually have to produce things that work, and Lockheed isn’t good at doing that.