Lockheed Martin Stock Stumbles
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The defense contractors’ stocks move in opposite directions after Lockheed discloses $1.6 billion in losses on its legacy defense business.
Defense stock Lockheed Martin Corp (NYSE:LMT) was last seen down 8.4% at $422, after the company recorded a $1.6 billion in loss attributed to its classified programs, cutting deeply into second-quarter profits. The maker of the F-35 fighter jet also trimmed its 2025 profit outlook by 25%.
Lockheed Martin Corp. reported second-quarter earnings that fell short of analyst estimates and lowered its outlook as the world’s largest defense contractor racked up charges on several programs.
As of mid-May 2025, Lockheed Martin's stock was trading at approximately $448.19, toward the lower end of its 52-week range of $418.88 to $618.95. This could represent an appealing entry ...