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News 2026-07-23 14:24 UTC

Lockheed Martin Cashes in on Global Defense Boom With Record Orders

Lockheed Martin Corp. (NYSE: LMT ) stock rose Thursday after the defense contractor reported second-quarter results that topped Wall Street expectations and raised its full-year guidance on stronger sales, earnings and defense demand. The company reported GAAP diluted earnings of $7.94 per share, beating the analyst co