Jim Cramer on Lockheed Martin's CEO: "I Know He is Going to Figure This Out"

Lockheed Martin Corporation (NYSE:LMT) is one of the stocks Jim Cramer shed light on. A caller inquired about the company’s long-term growth potential in light of Q2 program charges, cash flow issues, and ongoing development and legacy program challenges despite higher defense demand. In response, Cramer said:

“Look, I know Jim Taiclet. I know he is going to figure this out, but everybody tells me, every single research note told me that you have to buy Northrop Grumman… when it comes to the weapon, the big defense procurement. And I still like AeroVironment, AVAV, I mean, it was AVAV… he broke the story, Nawabi broke the story about why things were so great there, and that stock is up about 90 points since he came on the show, and I’m sticking by it.”

Lockheed Martin (NYSE:LMT) develops aerospace, defense, and security technologies across air, land, sea, and space. The company’s products include combat aircraft, missile systems, space solutions, and integrated mission technologies.

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Disclosure: None. This article is originally published at Insider Monkey.