The Lockheed Martin (LMT) earnings report indicated $6.71 in EPS and $16.6B in revenue. "We have not seen the defense stocks grow their revenue much in 2022 and we finally got a signal of that today with Lockheed Martin (LMT). It is not in the defense stocks' margins to blow out their margins as they will get criticized for being too profitable with their government contracts. With geopolitical tensions, there has been a favorable tailwind for the industry. Lockheed Martin generates an enormous amount of cash and they have added $14B to their share-buy-back program, as well as increasing their dividend," says John Eade.