Company Of The Day: Lockheed Martin
What?
Lockheed Martin (NYSE:LMT) has terminated its $4.4 billion agreement to purchase rocket engine manufacturer Aerojet Rocketdyne.
Why?
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The deal has faced regulatory roadblocks, with the U.S. Federal Trade Commission filing a lawsuit in January seeking to block the acquisition.
So What?
Lockheed stock declined by about 2% in Monday’s trading.
See Our Complete Analysis For Lockheed Martin
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| LMT Return | 1% | 10% | 57% |
| S&P 500 Return | -2% | -7% | 97% |
| Trefis MS Portfolio Return | 1% | -9% | 258% |
[1] Month-to-date and year-to-date as of 2/15/2022
[2] Cumulative total returns since the end of 2016
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