Lockheed Martin Shares Drop Amid Earnings Miss and Profit Decline
TL;DR Summary
Lockheed Martin's stock dropped over 7% after reporting a significant profit miss and $1.6 billion in losses related to its legacy defense programs, compounded by challenges in its classified aeronautics projects and revised earnings outlook for 2025.
Topics:business#classified-programs#industries#legacy-programs#lockheed-martin#profit-miss#stock-decline
- Lockheed Martin’s stock rocked by big profit miss amid problems in aeronautics MarketWatch
- Lockheed Stock Falls After Earnings. What Caught Wall Street by Surprise. Barron's
- Lockheed Martin (NYSE:LMT) Reports Sales Below Analyst Estimates In Q2 Earnings, Stock Drops Yahoo Finance
- Lockheed Martin second-quarter profit plummets on $1.6 billion charge Reuters
- Lockheed Martin Tumbles On Earnings. Here's Why. Investor's Business Daily
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