Lockheed Martin Sales Disappointed, and It Will Get Worse. The Stock Is Tumbling.

1 month ago 14
PR Distribution

Lockheed Martin‘s third-quarter sales were worse than Wall Street expected—but the real bad news is that the company expects revenue to fall short of its full-year goals and to decline further in 2022.

The downbeat view on sales clouded out the company’s earnings, which beat expectations. Lockheed Martin stock dropped more than 8% in U.S. premarket trading Tuesday. The shares have climbed 9.2% in 2021.

The...

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