Lockheed Martin (LMT), an American global aerospace, defense, security and advanced technologies company with worldwide interests, recently released a strong financial report for 3Q15. Revenue rose 3% y-o-y to USD 11.4 bn. Aerospace became a revenue growth driver with revenue rising 11% y-o-y. Adjusted EPS reached USD 2.77, outpacing forecasts by 2%. The company raised quarterly dividend to USD 1.65 (+10% q-o-q), yielding 3%. In addition, Lockheed Martin’s management announced a USD 3 bn expansion of buyback program. Now the buyback program totals USD 4.3 bn. However, the company’s capitalization propelled due to acquisition of legendary helicopter company Sikorsky Aircraft, announced in summer 2015. We believe that the acquisition will expand the market of products and improve the company’s financial performance. We assign a Buy recommendation to the name in the mid-term. $LMT, Lockheed Martin Corporation / 1440