Lockheed Martin (LMT 0.54%) emerges as an obvious beneficiary of the bill's $150 billion military spending increase -- the largest peacetime defense boost in decades. Yes, the company spooked investors with$2 billion in classified program losses and F-35 technology delays earlier this year, but that's precisely why the stock offers an opportunity at 14.5 times 2027 projected earnings, well below historical multiples. The defense-giant's competitive moat remains unassailable. Lockheed's $176 billion backlog ...