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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Lockheed Martin Corporation (NYSE: LMT) hit a new 52-week high Thursday as it is currently trading at $96.62, above its previous 52-week high of $96.59 with 238,538 shares traded as of 9:55 a.m. ET. Average volume has been 2.7 million shares over the past 30 days. Lockheed Martin has a market cap of $30.71 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 4% year to date as of the close of trading on Wednesday. Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7.