Lockheed Martin shares dropped as much as 7% on Wednesday after news that the Pentagon is asking for half of the F-35s it initially forecast for the Air Force. The defense contractor's shares recovered to $456 at market close, or about 4.2% lower from $476, the price at the end of Tuesday's trading day.Bloomberg reported on Wednesday that a procurement document sent to Congress indicated the Defense Department is requesting only 24 F-35 Lightning II Joint Strike Fighters for the Air Force, down from 48 tha ...

The latest trading session saw Lockheed Martin (LMT) ending at $456.60, denoting a -4.26% adjustment from its last day's close. This change lagged the S&P 500's 0.27% loss on the day. Shares of the aerospace and defense company have appreciated by 3.71% over the course of the past month, underperforming the Aerospace sector's gain of 8.18%, and the S&P 500's gain of 6.9%.The investment community will be closely monitoring the performance of Lockheed Martin in its forthcoming earnings report. The company is ...

Aerospace manufacturer Lockheed Martin Corp (NYSE:LMT) stock is gapping lower today, after a U.S. Defense Department procurement request sent to Congress asked for 24 of the company's F-35 jets for the U.S. Air Force, compared last year's forecast of 48. The halved order has traders eyeing defense sector peers Northrop Grumman Corp (NYSE:NOC) and RTX Corp (NYSE:RTX) as well. LMT was last down 5.4% to trade at $451.30, pacing for a third-straight daily drop as it dives below recent support from the 20-day mo ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Don't panic: A few fewer F-35 sales won't wreck Lockheed Martin stock.Lockheed Martin (LMT -5.06%), the giant defense stock that makes America's vaunted F-16, F-22, and F-35 fighter jets, tumbled 5.5% through 11:40 a.m. ET Wednesday morning. And why?As Bloomberg reports, the U.S. Pentagon is reducing its budget request for new F-35 stealth fighter jets in fiscal year 2026. Thanks, but no tanks (er, fighter jets)"A U.S. Defense Department procurement request document ... asked for 24 of the planes, down fro ...

Lockheed Martin (NYSE: LMT) shares dropped on Wednesday as investors reacted to news that raises questions about the firm’s future momentum of its flagship F-35 fighter jet program.As of press time, LMT stock was down almost 6%, trading at $448.70. This decline extends the stock’s weekly losses to more than 7%.LMT one-week stock price chart. Source: FinboldWhy LMT stock is crashing The selloff seems to be an investor reaction to a report that the United States Air Force intends to cut its F-35 jet orders in ...

Key Takeaways LMT's RMS segment saw sales grow 16.7% YoY, supported by strong demand for defense systems. New contracts include Sweden's adoption of TPY-4 radar and a $25M deal for Sentinel A4 engineering services. LMT trades at a forward P/E of 16.98X, below the industry average.Lockheed Martin Corporation (LMT) is a prominent forerunner in the global defense space, especially in the United States, where it is the largest defense contractor. With its Rotary and Mission Systems (RMS) business segment, LMT ...

Key Takeaways LMT secures a $25M Army contract for engineering services on the Sentinel A4 Radar System. The Sentinel A4 enhances detection of cruise missiles, drones, aircraft and RAM threats. LMT's radar systems serve 45 nations and integrate with platforms like Aegis and NORAD.Lockheed Martin Corporation's (LMT) business segment, Rotary and Mission Systems, recently secured an order worth $25 million to provide engineering services for the Sentinel A4 Radar System. The award has been offered by the Arm ...

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Lockheed Martin (NYSE: LMT) has been going through a rough patch, its stock is down 6.82% in the past six months and currently trading at around $480.However, a positive change might be on the horizon in light of President Trump’s new defense proposals recently outlined during the aerospace summit in Doha, Qatar.LMT 5-day stock performance. Source: Finbold.comDespite a rocky performance over the last six months, Lockheed Martin continues to offer a generous dividend payment of $3.30 per share, with the next ...