Better Buy: Boeing vs. Lockheed Martin
On March 21, Boeing (NYSE: BA) stock closed 3.1% higher while Lockheed Martin (NYSE: LMT) tumbled 5.8%. The movements resulted from Boeing winning a contract from the Department of Defense for its new warfighter aircraft program -- a contract that Lockheed was the favorite to win.Big-ticket defense contracts can mean steady cash flows and a reliable project backlog, so it's unsurprising both stocks would move on the news.The better question is which defense stock is the better buy over at least the next three to five years.Continue reading
On March 21, Boeing (NYSE: BA) stock closed 3.1% higher while Lockheed Martin (NYSE: LMT) tumbled 5.8%. The movements resulted from Boeing winning a contract from the Department of Defense for its new warfighter aircraft program -- a contract that Lockheed was the favorite to win.
Big-ticket defense contracts can mean steady cash flows and a reliable project backlog, so it's unsurprising both stocks would move on the news.
The better question is which defense stock is the better buy over at least the next three to five years.
