Business Description:
40% of 2020 revenues from Aeronautics with main program F-35, generating 28% of sales
17% of 2020 revenues from MFC
25% of 2020 revenues from RMS
18% of 2020 revenues from Space
Catalysts:
US Military expenditures increased by 5.1% annually in the last 5 years and expected to keep increasing
Recession-proof company
High level of entry for competitors with recent consolidation in the industry
Risks:
Dependent on internal and international politics
Dependent on Government contracts
Financial Analysis:
Revenues of $65.3 Billion in FY20 up from $59.8 Billion in FY19
Operating profit of $8.64 Billion in FY20 vs of $8.64 million in FY19
Net income of $6.95 billion in FY20 vs $6.83 billion in FY19
Free Cash Flow of $5.86 billion in FY20 vs $6.41 million for FY19
Balance Sheet
Total assets: $51.4 Billion ; total liabilities: $45.1 Billion; book value: $6.33 Billion
Cash: $2.93 billion, debts: $11.6 Billion, current assets: $20.2 billion, current liabilities: $14.7 billion
Read the full analysis on my Research Partnership: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/33520104