Lockheed Martin ( (LMT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Lockheed Martin’s stock price dropped in pre-market trading due to a substantial $1.7 billion charge from classified programs affecting fourth-quarter net profits. Despite a 5% increase in sales to $71 billion and a strong order backlog of $176 billion, concerns arose from the newly established Department of Government Efficiency (DOGE), led by Elon Musk. This department may scrutinize the costly F-35 fighter jet program, impacting Lockheed’s revenue. Analysts have downgraded their price targets, pointing to risks from DOGE and a shift towards unmanned aircraft solutions. The company projects a slight rise in sales but a minor decline in operating profit margins for Fiscal 2025.
More about Lockheed Martin
YTD Price Performance: 4.45%
Average Trading Volume: 1,246,147
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $117.8B
For further insights into LMT stock on TipRanks’ Stock Analysis page.
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