10 Best Industrial Stocks to Invest in Now

3. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 58

Lockheed Martin Corporation (NYSE:LMT) is a security and aerospace company that researches, designs, develops, manufactures and integrates technology systems. It is one of the best industrial stocks to invest in.

Additionally, Lockheed Martin Corporation’s (NYSE:LMT) highest-margin business is fire control and missiles, expected to grow at the fastest rate over the coming years. In 2024, Lockheed Martin’s backlog reached record highs of $176 billion, affirming the solid revenue base. The future earnings potential is still high due to initiatives like the F-35 and classified projects, which point to sustained high demand.

Lockheed Martin Corporation (NYSE:LMT) has placed a great deal of emphasis on its classified programs and technological advancements in hypersonics. To bring these projects into production phases and provide long-term growth opportunities, the initiatives are expected to strengthen the company’s prospects in the defense industry.