LMT Stock Breaks Out As Lockheed Martin Tops Earnings Forecasts

Defense giant Lockheed Martin (LMT) cleared expectations for its quarterly results Tuesday morning. LMT stock broke out following the earnings report. X The maker of the F-22 and F-35 fighter jets has been a heavy supplier of missiles and other military equipment in Ukraine’s fight against Russia’s invasion over the past year. Lockheed Martin provided High Mobility Artillery Rocket Systems (HMARS) and ammunition, Javelin and Stinger missiles early in the assault. In February, U.S. officials denied requests for Army Tactical Missile systems (ATACMS), manufactured by Lockheed. And the Pentagon has refrained from sending Lockheed Martin and General Dynamics (GD)-made F-16…