Lockheed Martin Stock Drops 14.3% in April Amid Earnings Disappointment and Reduced Defense Tensions
In April, Lockheed Martin's stock fell by 14.3%, driven primarily by disappointing first-quarter earnings due to program delays and supply chain issues affecting key programs like fighter jets. The easing of tensions in the Iran conflict also contributed to a broader decline in defense stocks.
Tickers: $LMT
Topics: defense earnings report stock decline