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Lockheed Martin (NYSE:LMT) Trading Up 2.3% - Here's What Happened
Lockheed Martin’s stock rose 2.3% on Monday, trading at $637.2160 with a mid-day volume of approximately 1.13 million shares. This increase is attributed to policy and contract tailwinds, including a proposed $1.5 trillion FY2027 defense request, increased F-35 and missile defense buys, and space program wins. Despite beating revenue estimates, the company missed EPS expectations, and analysts have a consensus “Hold” rating with an average target price of $634.74.