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 ...

Spain has decided to cancel a deal with Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) for the PULS artillery system, according to reports in the Spanish media, although the Israeli defense electronics company has received no official notification on the matter. The deal is worth €700 million, of which Elbit would have received €150 million. The PULS system provides a comprehensive solution for launching unguided rockets, precision weapons and missiles for various ranges. The launcher is fully compatible wi ...