Lockheed Martin's (LMT) stock is flying high, as is its latest state of the art fighter jet. The F-35 underwent its 400th test flight recently, an important milestone for investors considering that the aircraft program has been plagued by cost concerns as well as a fire on one of its planes back in June that grounded the fleet.
And with the United States digging in for an extended air campaign in Iraq and possibly Syria, it stands to reason that the defense contractor could see an uptick in demand for its products.
But Lockheed isn't all military might. On Monday, the company announced that it purchased the assets of the Sun Catalytix Corporation, a firm that makes technology for efficient energy storage.
