LMT should benefit from defense bill
LMT's jet is specifically mentioned in the bill which should result in a large sum sale to boost their profits. This is a good long term hold as well as a good trade short-term for the recently passed defense bill via congress overturning Trump's veto. RTX, which is Raytheon and united technologies combined in a merger, both organizations have had longstanding relationships with the military.
I see LMT returning to recent highs which makes for a pretty decent trade and it could recover further for those that go long.
I see LMT returning to recent highs which makes for a pretty decent trade and it could recover further for those that go long.
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