Lockheed Martin's stock dip post-earnings presents a buy opportunity with strong demand, growth catalysts, and a 22-year dividend streak. Learn more on LMT stock here.

Lockheed Martin faces Wall Street pressure after mixed Q2 results and $1.6B in charges. Goldman Sachs analyst reiterates Sell rating and lowers price forecast. Other analysts also cautious. Margins hit by legacy program charges.

Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S. defense group recorded a pretax loss of $1.6 billion, mainly linked to a classified program within its Aeronautics segment,

Lockheed Martin’s (NYSE:LMT) multi-year growth outlook is facing serious headwinds following a wave of unexpected charges and operational setbacks, prompting Truist Securities to downgrade the defense giant from Buy to Hold.

Truist also flagged a “tax overhang of $4.6B” due to a dispute with the IRS. Lockheed has taken a $100 million P&L accrual but “fundamentally disagrees with the grounds for the claim” and is prepared to pursue legal action.

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.