Why Lockheed Martin Rallied on a Bad Day for the Markets on Friday
Shares of defense contractor Lockheed Martin (NYSE: LMT) rallied 3.5% on Friday, even though the S&P 500 (SNPINDEX: ^GSPC) was down 1.1%.Lockheed and major defense contractors were up today after Israel struck Iran this morning, raising the prospect of a regional war. That sent oil prices up and most stocks down; however, the prospect that Israel or the U.S. may buy more equipment from Lockheed sent the stock of the leading defense contractor upwards.Lockheed Martin's stock actually feel hard earlier this week, after Bloomberg reported that the U.S. Defense Department may cut its orders for Lockheed's F-35s in half in fiscal 2026, from 48 to 24 planes -- potentially putting about 5% of Lockheed's revenue at risk.Continue reading
Shares of defense contractor Lockheed Martin (NYSE: LMT) rallied 3.5% on Friday, even though the S&P 500 (SNPINDEX: ^GSPC) was down 1.1%.
Lockheed and major defense contractors were up today after Israel struck Iran this morning, raising the prospect of a regional war. That sent oil prices up and most stocks down; however, the prospect that Israel or the U.S. may buy more equipment from Lockheed sent the stock of the leading defense contractor upwards.
Lockheed Martin's stock actually feel hard earlier this week, after Bloomberg reported that the U.S. Defense Department may cut its orders for Lockheed's F-35s in half in fiscal 2026, from 48 to 24 planes -- potentially putting about 5% of Lockheed's revenue at risk.
