From Yahoo Finance: 2025-06-11 12:07:00

The U.S. Department of Defense plans to reduce orders for F-35 fighter jets in 2026, potentially costing Lockheed Martin up to $3.5 billion in revenue. Lockheed Martin saw a stock drop of 5.5% due to this news. Despite the cutback, the company still had $71 billion in revenue last year. The reduced order is mainly for F-35A aircraft for the Air Force. The Pentagon requested an additional $531 million for parts to build the next batch of F-35s. However, Lockheed Martin is poised for new contracts totaling tens of billions for F-55 and upgraded F-22 contracts. The company’s stock is expected to remain stable amid the revenue cut. The Motley Fool recommended 10 other stocks over Lockheed Martin for potential high returns. Their top 10 list has had an average return of 996%, outperforming the S&P 500. Join Stock Advisor for more insights.



Read more at Yahoo Finance: Why Lockheed Martin Stock Just Dropped