Oceaneering International (OII) trades at $48.78 after a record Q2 and a new U.S. Navy XLUUV award, yet analysts value it at $38.50. Why we still trim into strength.
Lockheed Martin (LMT) at $540.33 sits 22% below its 52-week high with a $186.4B backlog, a fresh $4.8B PAC-3 contract, and Golden Dome optionality. Forward P/E of 16.87x against base-case fair value of $595 — defense compounder thesis with embedded margin recovery into 2026-2027.
Satellogic SATL Merlin constellation analysis: M defense contract, 80% revenue growth, AI-first satellites launching October 2026. Price target -15.
