Backlog is visibility, not certainty
It traded at 188.62, -1.74% on the session. A multi-year order book tells you what is coming. It does not tell you at what margin.
Free 4 min read
RTXLMT
Stock
LMT
LMT
Delayed
Notes mentioning LMT
3Sustainment is the part of a fighter programme that outlives the headlines
A fighter programme gets attention when aircraft are ordered. The revenue that lasts comes afterwards, from keeping the fleet flying.
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A defence budget is a plan, and appropriations are the cash
The appropriations and contracting signals I read before a budget headline.
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