Lockheed Martin (LMT-N)

Unfortunately, a good dynamic in defense with a war going on. Defense spending is increasing, and the benefit from this type of spending is not going away. This name would be a good way to play that.

5 segments within business - has solid diversification. 
50% of business with US government.
Defensive name that is good long term hold.
Current share price high - would wait for shares to fall.

They won't grow in the next few years, but remain flat. He loves the defence industry though.

$513 should be the price target. You won't see 2022's 40% return again, but you will get exposure to consistently rising defence spending in the U.S., nearly $1 trillion this decade. Is the biggest defence company.

He models $431. Unfortunately, military stocks will do well in the next little while.

Lots of geopolitical turmoil, so it gets attention and trades at a 10% premium to the market. Usually trades 85-90% of market multiple. This makes him nervous. Defense spending is predictable, no catalyst there. In the space, he owns RTX.