Puestos
172All purchases for August are already done, as I will be in the USA for the next 3 weeks from Monday to Friday at $LMT (-1,13 %) and of course I'm not allowed to have a cell phone or laptop with me🫠
$NOW (-0,6 %) is a very interesting microcap with partnerships with Azure, Google Cloud, AWS, Snowflake.
If you would like to learn more about it, I recommend the excellent podcast "Hidden Returns". (But please don't go into it blindly because of a podcast or my purchase, it's a fucking microcap)
Hello dear getquin community, I have 2400€ free again and have thought about 1400€ $LMT (-1,13 %) Lockheed Martin and the rest in Defense Tech $SHLD ETF. How would you take advantage of the current situation? Looking forward to your feedback
The US group fell short of expectations with its results for the past quarter and recorded significant charges for various programs. The management is becoming more cautious for the year as a whole. On the stock market, the shares fall noticeably.
The aerospace company performed worse than expected in the past quarter. In the three months, Lockheed Martin achieved a turnover of around 18.15 billion dollars, an increase of only 0.2 percent compared to the same quarter last year. On average, analysts had expected at least an increase to 18.5 billion dollars.
In addition, this time there was significantly less left over than a year ago: operating profit shrank by around 65 percent to 748 million dollars. At the bottom line, net profit slumped from 1.6 billion dollars to 342 million dollars this time.
Burdened by expenses
This was primarily due to expenses of 1.6 billion dollars that the Group incurred for various of its programs. "Our ongoing program review process has identified new developments that have led us to reassess the financial position of a number of key existing programs. As a result, we are taking a number of actions this quarter to address these newly identified risks," explained Group CEO Tim Taiclet.
The largest part of this related to a program in the Aeronautics division. This includes, for example, the C-130 transport aircraft and the F-35 stealth jet. Primarily due to "design, integration and testing challenges" as well as updated time and cost estimates, Lockheed reported additional pre-tax losses of 950 million dollars in the past quarter.
Additional charges were incurred on programs in the Sikorsky division, which manufactures helicopters and drones. In addition to the expenses for programs, there were also 169 million dollars in other charges.
Annual targets lowered
At the bottom line, these factors were reflected in the figures: earnings per share fell from 6.85 dollars in the previous year to 1.46 dollars. In addition, free cash flow was negative this time. The order backlog amounted to 166.5 billion dollars at the end of June.
The recent performance is now also having an impact on planning for the year as a whole: However, the management is sticking to its sales targets; after 71 billion in the past year, it is still aiming for 73.75 to 74.75 billion dollars. However, the management is now more skeptical about the operating result and net profit. The latter is now expected to be between 21.70 and 22.00 dollars per share, whereas previously Lockheed was confident of up to 27.30 dollars per share.
Share price flies lower
The figures and outlook put the stock market in a bad mood. The shares lost more than seven percent. The strong performance of many defense stocks has also passed the shares by in recent months: since the beginning of the year, the share price has fallen by around 15 percent. Apart from a breakout around a year ago, the shares have largely moved sideways for more than three years.
The fact that a competitor, Northrop Grumman, has today raised its profit targets for the year is also unlikely to cause much enthusiasm among Lockheed shareholders.
The company reports for (Q2)2025:
One-off effects:
⛷️
Like it or not, this is my stock pick for the military sector long term. No hypes, just pure core well diversified industries, free from all the junk that NATO and other ETFs have in them.
$LMT (-1,13 %)
$RTX (-1,32 %)
$NOC (+0,22 %)
$BA. (+2,35 %)
Check out the pie here:
https://www.trading212.com/pies/lua2LbG5mCkbey2atfkE807rM83oY
The Military Core 2040 Pack is a four-company portfolio designed to capture the full architecture of 21st-century defense capability.
Each company plays a distinct and complementary role in a layered global security model.
No redundancy: Each firm operates in a unique domain with minimal overlap.
Not financial advice.
Additional notes:
If I had to add any company at all to this, it would only be $PLTR (-3,82 %) for the AI military play, but I already have it in my future of tech pack, not duplicating
If you wish more companies to include, you can consider satelite positons on $SAAB B (-1,4 %) and $KOG (-2,63 %) , both are pretty solid choices too, not as main choices though, not using them on my core DCA.
🔹 Revenue: $18.2B (Est. $18.58B) 🔴; FLAT YoY
🔹 EPS: $1.46 (Est. $6.54) 🔴; DOWN -79% YoY
FY25 Guidance (Reaffirmed)
🔹 EPS: $21.70–$22.00 (Prior: $27.00–$27.30) 🔴
🔹 Sales: $73.75B–$74.75B
🔹 Free Cash Flow: $6.6B–$6.8B
🔹 Cash from Operations: $8.5B–$8.7B
🔹 CapEx: ~$1.9B
🔹 Segment Op. Profit: $6.6B–$6.7B (Prior: $8.1B–$8.2B) 🔴
Major Charges This Quarter
🔸 $950M pre-tax loss on classified Aeronautics program
🔸 $570M loss on Canadian Maritime Helicopter Program (CMHP)
🔸 $95M loss on Turkish Utility Helicopter Program (TUHP)
🔸 $66M impairment related to NGAD program asset write-off
🔸 $103M tax charge related to IRS accounting method dispute
🔹 EPS impact of these charges: -$5.83
Segment Performance
Aeronautics
🔹 Revenue: $7.42B; UP +2% YoY
🔹 Operating Loss: -$98M (vs. $751M profit YoY)
🔸 Hit by $950M loss on a classified program
Missiles & Fire Control (MFC)
🔹 Revenue: $3.43B; UP +11% YoY
🔹 Operating Profit: $479M; UP +6% YoY
🔹 Margin: 14.0% (vs. 14.5%)
Rotary & Mission Systems (RMS)
🔹 Revenue: $3.99B; DOWN -12% YoY
🔹 Operating Loss: -$172M (vs. $495M profit YoY)
🔸 Driven by CMHP (-$570M) & TUHP (-$95M) losses
Space
🔹 Revenue: $3.31B; UP +4% YoY
🔹 Operating Profit: $362M; UP +5% YoY
🔹 Margin: 10.9%
Other Key Metrics
🔹 Operating Profit: $748M (vs. $2.15B YoY)
🔹 Effective Tax Rate: 18.0% (vs. 15.8% YoY)
🔹 CapEx: $351M
🔹 Dividend Paid: $771M
🔹 Shares Repurchased: 1.0M for $500M
🔹 Net Income: $342M; DOWN -79% YoY
🔹 Free Cash Flow: -$150M (vs. +$1.5B YoY)
🔹 Cash from Operations: $201M (vs. $1.88B YoY)
🔹 Returned $1.3B to shareholders via buybacks & dividends
Here is a clear overview of the quarterly figures due next week.
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$GM (-2,37 %)
$LMT (-1,13 %)
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$PM (-1,52 %)
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$IBM (-2,76 %)
$NOW (-4,44 %)
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The USA will now probably deliver urgently needed "Patriot" defense missiles to Ukraine after all. This was announced by the US President last night. According to Trump, the weapons will be paid for by the EU.US President Donald Trump has announced the delivery of "Patriot" anti-aircraft missiles to Ukraine. "We will send them 'Patriots', which they urgently need," said Trump. However, he left open how many systems he wanted to send to reporters at Andrews Air Force Base. The weapons are to be financed by the EU: the people in Ukraine need the protection of the "Patriots", "but the European Union is paying for it. We pay nothing," Trump said verbatim. It was a business deal. With a view to an upcoming meeting with NATO Secretary General Mark Rutte, Trump went on to explain that the defense alliance would buy US military technology: "We're basically going to send them various pieces of sophisticated military equipment and they're going to pay us 100 percent for it." Trump plans to meet with Rutte later this week to discuss Ukraine and other issues
Source and full content:
Trump announces "Patriot" delivery to Ukraine | tagesschau.de https://share.google/jk7iR8mM7Sd3HhYzF
Will the war end soon?
Profiting:
The SR-72 "Darkstar" from Lockheed Martin, a state-of-the-art hypersonic aircraft, promises a revolution in military aviation technology.
IN BRIEF
🚀 The SR-72 "Darkstar" promises a revolution in military aviation with its hypersonic speeds of Mach 6.
🔧 Equipped with a turbine-based combined propulsion system (TBCC), it combines efficiency and technological innovation for different speeds.
🛡️ The combination of stealth and speed enables the SR-72 to operate safely and undetected in heavily defended airspace.
📅 In development since 2013, the SR-72 could be operational in the 2030s and revolutionize military reconnaissance.
I wanted to give you a little update on my current defense portfolio and the planned changes.
📍Status Quo:
📍Capability areas and benefits for the portfolio:
Air & missile defense
$RTX (-1,32 %) ,$LMT (-1,13 %)
Patriot, PAC-3, THAAD - core systems for the protection of cities, bases and fleets
Combat aircraft & air dominance
$LMT (-1,13 %) , $BA. (+2,35 %)
F-35 program (LMT), Eurofighter Typhoon, future Tempest/FCAS
Maritime strike capability
$HII (-5,02 %) , $GD (-1,62 %) , $BA. (+2,35 %)
Nuclear submarines (Virginia, Astute), Type-26 frigates, combat systems
Sensors & electronic reconnaissance
$HAG (-3,93 %) , $QQ. (-1,31 %) , $CHRT (-3,85 %) , $BA. (+2,35 %)
AESA radars, ESM/ECM, BAE Raven ES-05 radar
Autonomous systems & drones
Almost all companies play me here. $KTOS (-4,92 %) as the only drone pure play.
Unmanned jets (XQ-58) and tactical UAS - rapidly growing budget item
Cyber / AI & data fusion
$PLTR (-3,82 %) ,$CACI (-2,29 %)
AI-supported command and control systems (PLTR Gotham/Apollo) and US government IT services
Ground-based large-scale systems
$GD (-1,62 %) ,$NOC (+0,22 %) , $BA. (+2,35 %)
Abrams modernizations, artillery rockets and ground-based sensors, CV90-IFV, M109 howitzers
Multidomain space flight
US nuclear deterrence - from delivery systems to warning and command and control networks
💰Realized partial sales at $HAG and $PLTR
I had already reduced $HAG and $PLTR by 50% each this year with large gains (+651% and +346%):
The valuations of both companies are currently extremely sporty.
PLTR
Trailing P/E ratio (TTM): 580 - 590x
Forward P/E ratio: ~240x
Price-to-sales: >100x
HAG
Trailing P/E ratio (TTM): 120 - 130x
Forward P/E ratio: ~80x
Price-to-sales: >5x
I will nevertheless remain invested in both positions for the time being. Mainly because I currently see no significant change in the underlying investment story.
Position sizes are relativized by new planned purchases and the concentration risk falls from 34% → 25% of the sleeve.
📊Planned adjustments:
❓Why these changes?
New position$AVAV (-3,93 %)
(drones/loitering ammunition):
Covers the fastest growing budget line (attritable UAS), which was previously barely represented.
New position $RHM (-1,6 %)
(Ammunition & Platforms)
Adds the "155 mm grenades" bottleneck and European land systems to the portfolio; beneficiary of EU armament.
Increase $RTX (-1,32 %)
Most favorable US prime (forward P/E ≈ 25), high visibility in air/missile defense systems.
Top-up $GD (-1,62 %)
Diversified towards submarines, ground vehicles and ammunition; reliable free cash flow.
📉Planned, staggered entries:
$AVAV: $220 - $185
$RHM: €1550 - €1450
$RTX: $125 - $120
$GD: $285 - $270
🤔 What does your portfolio look like?
Which defense stocks do you hold and why?
Principales creadores de la semana
