(LMT) Lockheed Martin Analyst Keeps Neutral Rating

We currently remain on the sidelines with Lockheed Martin Corporation (LMT) due to the impact of the Euro-crisis on U.S. economic fundamentals. This keeps the risk high for further cutbacks in defense budgets. However, we believe market pessimism is fully accounted for in the current valuation of the defense behemoth, which is priced at a discount to both industry peers and the overall market. Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs. We expect the company to benefit from a strong defense focus on a number of its platform programs, such as the C-130 Hercules & C-5 Galaxy transport aircrafts, F-16 Fighting Falcon multi-role jet,