Lockheed Martin Corp. caught investors off guard with $1.6 billion in charges and a possible tax hit that sent its stock tumbling, the latest setback for the defense giant whose popular F-35 jet faces criticism over cost overruns and delays.

Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S. defense group recorded a pretax loss of $1.6 billion, mainly linked to a classified program within its Aeronautics segment,

Shares of security and Aerospace company Lockheed Martin (NYSE:LMT) fell 6.6% in the morning session after the company reported disappointing second-quarter results and sharply lowered its full-year profit forecast.

I maintain a bullish stance on the defense sector, and I'm bullish on both RTX as well as Lockheed Martin (LMT). See why RTX takes the crown in this matchup.

Live Updates Live Coverage Has Ended Lockheed Down 6.4% 10:54 am by Eric Bleeker Lockheed shares are down 6.4% in morning trading. Extra salt in the wounds of Lockheed investors comes compliments of Northrop Grumman,

Although Lockheed executives remain bullish on the secretive programme's long-term prospects, the effort generated $950 million in losses during the recent second quarter, tied to setbacks with design,

The company also lowered its full-year 2025 operating profit forecast by $1.5 billion, or 18%, now projecting $6.65 billion

Shares in the retailer jumped 38% as investors discussed whether it was the next meme stock. The heavily-shorted shares are still down nearly 30% over the past year. Target (TGT) s

The airframer's chief executive says international demand remains strong following recent battlefield successes, and there is a strong likelihood US lawmakers will plus up the Pentagon's stealth fighter acquisition in the upcoming defence budget.