Lockheed Martin Stock News

Ongoing geopolitical instability and numerous regional conflicts are creating a climate of investor caution in the current global landscape. This prolonged uncertainty has a direct and significant consequence: a notable and accelerating rise in global military expenditures.

The U.S. defense contractor is trying to expand its production and supply chains in Europe, a senior executive said.

Lockheed Martin Corporation (NYSE:LMT ) Bank of America Industrials, Transportation & Airlines Key Leaders 2025 Conference Call May 14, 2025 1:25 PM ET Company Participants Evan Scott - Chief Financial Officer Conference Call Participants Ronald Epstein - Bank of America Ronald Epstein Our next session is with Evan Scott, the Chief Financial Officer of Lockheed Martin. So Evan, thank you.

Shares of Lockheed Martin (LMT -2.42%) hovered around breakeven for most of the trading day on Wednesday before suddenly falling more than 3% around 1:30 p.m. ET.

A Defense Department award for F-35 jets could happen later than previously expected, the company's CEO said.

Lockheed Martin expects to be awarded a finalized contract on its F-35 jets, which have been beset by delays in a technology upgrade, sooner than it previously anticipated, the U.S. defense contractor's finance chief said on Wednesday.

In times of market volatility, investors search for stability in their portfolios. Defense stocks can serve this need.

The New York State Common Retirement Fund cut positions in Alibaba, Altria, Chevron, and Lockheed Martin in the first quarter.