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As global geopolitical tensions continue to flare up and the Russia-Ukraine conflict takes a decisive turn as winter approaches major defense names continue to hog the limelight. Shares of Lockheed Martin (LMT) have steadily climbed nearly 19% over the past month as the company continues to announce major contract wins. Last week, it bagged a ~$581.2 million contract from the Navy for the Trident II Missile and a $765 million contract for Naval Air Systems. Additionally, the company has pumped in a $100 million investment in satellite manufacturer Terran Orbital (LLAP). Along with LMT, Raytheon Technologies (RTX) too has climbed nearly 11% over the past month.
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