Lockheed Martin continues to secure major defense contracts, indicating ongoing client trust and a strong position in the defense industry.

Lockheed Martin (NYSE:LMT) -0.6% in Thursday's trading as Deutsche Bank downgrades shares to Hold from Buy with a $523 price target, cut from $611, citing doubts about F-35 sales because of China's progress in developing jet fighters.

Taiwan last month received a batch of 38 advanced Abrams battle tanks from the US in a significant boost to the island’s land defence capabilities. Another 42 tanks, considered the heaviest in the world, are due to be delivered this year, and 28 the year after.

We recently compiled a list of the Top 20 Dividend Stocks of 2024. In this article, we are going to take a look at where Lockheed Martin Corporation (NYSE:LMT) stands against the other dividend stocks.