Lockheed Martin Stock Has A Record Backlog, So What's The Market Worried About? Lockheed Martin's $230 billion backlog has left investors perplexed.
On one hand, the defense giant's order book is overflowing, but on the other, the market seems to be warning us that this isn't a straightforward growth story.
The Market's Mixed Messages Lockheed's price to earnings ratio and cash flow multiple are in line with the S&P 500, suggesting investors are willing to pay a fair price for the profits generated by Lockheed today.