Lockheed Martin: A Huge Moat, >10% Annual Return Potential, And Protection Against Mayhem

rancho_runnerIntroduction 53%. That's how much industrial exposure I have in my dividend (growth) portfolio, which holds almost my entire net worth. The S&P 500 has just 9% industrial exposure. Although industrial exposure is very cyclical, I have limited the cyclical risks of my portfolio, as more than half of my industrial exposure consists of defense companies. Roughly 26% of my portfolio consists of four aerospace and defense companies, led by Lockheed Martin (NYSE:LMT), which accounts for 8.2% of m ...