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Updated · MarketWatch · May 6Lockheed Martin stock rallies but underperforms broader market
7 articles · Updated · MarketWatch · May 6
- Shares rose 1.05% to $514.26 on Wednesday, while the S&P 500 gained 1.46% to 7,365.12 and the Dow added 1.24% to 49,910.59.
- The defence contractor's stock remains 25.68% below its 52-week high of $692.00 reached on 2 March.
- Among peers, RTX climbed 2.24%, Boeing rose 2.47% and Northrop Grumman edged up 0.18%, leaving Lockheed with a mixed showing against competitors.
Is Lockheed Martin's undervalued stock a bargain or a trap hidden by F-35 costs and cyber risks? As the defense industry booms, can Lockheed Martin deliver on massive production promises without crushing its profits? After a major data breach claim, how secure are the secrets behind America's most advanced weapons?