Lockheed Martin (NYSE:LMT) is one of the world's largest defense contractor by revenue.^[1] As a manufacturer of primarily electronic, information, aeronautic, and space systems, LMT has benefited from the increased defense spending that has accompanied the Afghan and Iraq War.

United States government spending typically represents about 85% of Lockheed Martin's revenue.^[2] As a result, the company is sensitive to political changes that impact federal government spending priorities. Historically, Republican political victories have benefited Lockheed Martin through increases in defense spending.

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