Key Takeaways LMT outpaced peers with a 7% stock gain, supported by major defense contracts and deliveries.The company's $166.5B backlog strengthens long-term revenue prospects despite near-term hurdles.High debt levels and steep contract losses weigh on LMT's financial stability and earnings outlook. Shares of America’s largest defense contractor, Lockheed Martin Corp. ((LMT), have surged 7% over the past month, outperforming the Zacks Aerospace-Defense industry’s growth of 1.6% and the broader Zacks Aero ...