From: Dividend.com

By Shauna O’Brien

Lockheed Martin Corporation and Raytheon Company have received approval from the U.S Homeland Security department to access information in order to work on the nation’s cyber-security.

Following President Obama’s cyber-security executive order which was authorized on February 12, companies such as Lockheed Martin and Raytheon have been stepping up to gain the business of protecting banks and power grids from cyber attacks.

This law, which allows the Department of Homeland Security to let companies obtain government information, is believed to be essential for protecting the country as well as individual companies from cyber attacks which could cause deaths or economic disturbance.

The two companies have joined the Enhanced Cyber-security Services program, joining AT&T Inc. and CenturyLink Inc. The companies are given resources from the government to elp strengthen computer security. These resources will help the companies create better security systems to sell to businesses.

The Homeland Security department chooses which companies can be “commercial service providers,” and requires security clearances for all employees working on related projects. So far, only LMT and RTN have been the only defense contractors to be approved for the project.

Lockheed Martin shares were mostly flat during Monday morning trading. The stock has been mostly flat in the past year. Raytheon shares were mostly flat during Monday morning trading. The stock has increased 8% in the past year.

The Bottom Line
Shares of Lockheed Martin Corporation have a 5.11% yield, based on Friday’s closing price of $89.99. Shares of Raytheon Company have a 3.57% yield, based on Friday’s closing price of $56.03.

Lockheed Martin Corporation and Raytheon Company are “Recommended” dividend stocks at this time, holding a Dividend.com DARS™ Ratings of 3.6 and 3.5 out of 5 stars respectively.