From Yahoo Finance: 2025-03-24 11:12:00

Lockheed Martin’s stock is down 3% after losing the Air Force’s next-gen fighter contract to Boeing. Boeing secured a $19 billion contract with potential revenues of $250 billion. Northrop Grumman may also outbid Lockheed for a Navy contract, leaving Lockheed with only the F-35. The loss has led to stock downgrades and uncertainty about future growth.

The loss of the fighter contract eliminates a major catalyst for Lockheed’s stock. While the F-35 will continue to generate revenue, the company may face challenges with limited production opportunities. A new U.S. missile defense system could offer potential revenue, but it remains speculative. Investors are advised to wait before taking advantage of the stock decline.

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Read more at Yahoo Finance: Why Lockheed Martin Stock Is Down Today