Strategic and financial analysis of Lockheed Martin corporation and RTX Corporation

Bc. David Dolínek

Diplomová práce

Abstract:

This master’s thesis presents a comprehensive strategic and financial analysis of two major defense industry leaders Lockheed Martin Corporation and Raytheon Technologies Corporation. The primary aim is to evaluate their financial health, operational efficiency, and strategic positioning within the global aerospace and defense sectors. The study integrates qualitative frameworks such as PEST and Porter’s Five Forces analyses to examine external factors influencing both companies, including geopolitical risks, defense spending policies, and technological innovation. Furthermore, it applies quantitative financial metrics and valuation methods, including profitability ratios, liquidity ratios, Weighted Average Cost of Capital and Discounted Cash Flow models, to assess the companies' intrinsic values and investment potential. The findings indicate that both corporations demonstrate sustainable competitive advantages through government contracts, technological innovation, and global market presence. However, they face distinct challenges related to geopolitical developments, regulatory changes, and market competition. Based on the analyses, the thesis provides investment recommendations and insights into the broader defense industry landscape, offering valuable guidance to potential investors and policymakers.

Keywords

Strategic analysis, Financial analysis, Lockheed Martin, Raytheon Technologies, PEST analysis, Porter’s Five Forces, WACC, DCF

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 3. 4. 2025

Obhajoba závěrečné práce

• Obhajoba proběhla 26. 5. 2025
• Vedoucí: Ing. Marek Dvořák, Ph.D. Ing.Paed.IGIP
• Oponent: David Seres, externi

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program:
Podnikání a administrativa