Lockheed Martin Stock Is Up 21% This Year. Can the Rally Keep Going? | The Motley Fool

The latest operating and financial trends confirm a strong start to 2024.Shares of Lockheed Martin (LMT 0.14%)have managed to hold on to a big rally this year through the recent round of extreme market volatility. The stock is up about 21% in 2024, sitting near an all-time high, even as the S&P 500 has pulled back by more than 7% from its peak in recent weeks.That dynamic is great news for investors, suggesting the stock remains well supported by strong fundamentals and a positive outlook. In this case, the defense sector juggernaut is capturing a demand boom from ongoing geopolitical conflicts as an earnings tailwind.Could Lockheed Martin make a good addition to your portfolio? Here's what you need to know.A digital transformation driving growthA major theme for Lockheed Martin has been its ongoing "21st Century Security" initiative to accelerate the integration of more advanced technologies across its product portfolio.The move is important as military programs typically face a compl...