Lockheed has also ramped up production of its PAC-3 MSE missile defense system, aiming to reach 2,000 units per year. Military hardware is typically a lower margin business than software like cybersecurity or AI, but a $1.5 trillion defense budget likely means expensive hardware like planes, ships, and missiles will be a priority. Lockheed already boasts a backlog of nearly$180 billion, and its valuation and dividend yield make it an attractive investment for both income and stock price appreciation.The co ...