The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

In today's edition, Brendan and Austin continue their "Buy, Sell, or Hold" series. This time, they look at the world's biggest defense contractor, Lockheed Martin. Brendan likes Lockheed's 4.5% dividend yield and cheap valuation, but he's concerned about defense cuts, particularly if sequestration cuts are implemented. Find out why Brendan thinks Lockheed is a solid hold in the video below.

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