Symbol: LECO

Lockheed Martin (LMT) reported mixed Q3 FY22 results. Revenue increased to $16.6B (+3.5% y/y) but missed estimates by 0.5%. Revenue growth in its aeronautics and space segment was offset by the decline in the rotary and
mission systems segment. The company saw operating profit margin contracting in most operating segments due to supply chain issues. Adjusted EPS was $6.87 (+4.1% y/y), beating estimates by 2.2%. Management maintained its
FY22 guidance and increased its share buyback program to $14B. For FY23, it has guided for flattish revenue growth with a 20–30bps y/y decline in operating margin. The stock gapped up 8% post-print and reclaimed its 200-DMA. It
has a good RS Rating of 91 and an A/D Rating of B+.