"However, while we understand that the impacts are likely to play out over a period of time, we continue to believe that sequestration will lead to furlough in some situations and could trigger layoffs resulting in Worker Adjustment and Retraining Notification notices to thousands of our current employees. This is a very difficult time for our employees and their families, and the thousands of supplier companies that we depend on to support our customers' mission."

The rest of the release can be found at the company's informative website , which I encourage you to peruse at your leisure.

The sequester is cause for concern and may necessitate a careful approach to the notion of buying shares right now.

This is where having a trailing stop loss can be so helpful if you already own the shares or are thinking about picking up a few soon. A trailing stop loss gives you an exit strategy while the stock moves higher and can protect you on the downside as well.

LMT Chart LMT data by YCharts
As the one-year chart above demonstrates, the share price of LMT has done well. Its year-over-year quarterly retained earnings growth skyrocketed for most of 2012 but cooled off in the fourth quarter. The share price seems to indicate it is picking up again in the first quarter of 2013.

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