Lockheed Martin, Weak Fiscal Q2
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Lockheed Martin faces program losses impacting Q2 earnings, yet long-term prospects remain strong with a solid backlog. See here for more on LMT stock.
The company also lowered its full-year 2025 operating profit forecast by $1.5 billion, or 18%, now projecting $6.65 billion
The defense industry is generally well-positioned for expected spending and budget increases, which will compound what was already a steady and strong global business. The caveat is that