Watch for Lockheed Martin's Overseas Growth

NEW YORK ( TheStreet) -- It's been a great 12 months for the shareholders of Lockheed Martin ( LMT). A year ago an investor could have purchased shares of LMT for under $86 and enjoyed a dividend yield-to-price of over 5%. But that was then, and today shares trade well above $141 with a dividend yield of 3.75%.

LMT has enjoyed a trailing 12-month operating margin (as of Sept. 29) of around 10% while accomplishing a Return-on-Equity (ROE) of a remarkable 163%.
Analysts and shareholders have been concerned that budget cutbacks and "sequestering" will drive down revenue and earnings per share (EPS) in the months and year ahead.

In fact, the analysts who cover LMT are estimating, on average, that in the current quarter the company will experience between a 5% and 7% drop in revenue. The positive news is the same analysts offer an average estimate that EPS will increase from the year-ago quarter by a relatively healthy 12%.

LMT is a diversified, global aerospace company that makes military aircraft and also has a   Information and Global Solutions division, Missiles and Fire Control unit and Mission Systems and Training business.

International sales accounted for nearly 18% of LMT's nearly $46 billion in annual revenue (TTM). Lockheed Martin's brightest chances for a shining and lucrative future may be through its International team which "...works with global Lockheed Martin customers to deliver the company's products, technologies and services to meet their national security and citizen services needs," according to the company.

Lockheed Martin International believes it can grow its overseas businesses to as much as 20% during a two- to three-year time frame.

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