Why Lockheed Martin Stock Is Volatile Today

Expectations were low for Lockheed Martin (NYSE: LMT) heading into earnings season, but the company's results turned out better than some had expected.Shares of Lockheed opened down nearly 4% but rallied to be up 2% as of noon Eastern.Lockheed, the world's largest pure-play defense contractor, has been flying into turbulence of late. The company lost out to Boeing in a competition to build the Air Force's next fighter jet, a multibillion-dollar opportunity for the winner. And last week, right before its earnings announcement, Lockheed said its chief financial officer was stepping down.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool