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Updated · MarketWatch · May 8Lockheed Martin stock falls 1.15% and underperforms rivals
7 articles · Updated · MarketWatch · May 8
- Shares closed at $506.51 on Friday, marking a second straight loss as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02%.
- Lockheed lagged Boeing, whose shares rose 2.74%, while RTX fell 0.39% and Northrop Grumman slipped 0.50% in the same session.
- The stock finished 26.8% below its 52-week high of $692 reached on March 2, while trading volume of 1.3 million stayed below its 50-day average.
With a record order backlog but falling profits, is Lockheed Martin in a temporary slump or a long-term decline? As global defense spending booms, why is America's top defense contractor facing new financial pressures from its own government? Will a new policy to cut defense costs inadvertently delay the next generation of America's most critical military technology?