Lockheed Martin Corp. caught investors off guard with $1.6 billion in charges and a possible tax hit that sent its stock tumbling, the latest setback for the defense giant whose popular F-35 jet faces criticism over cost overruns and delays.

Lockheed Martin stock tanked after the defense and aerospace firm came in miles below Q2 earnings estimates. But there’s reason to load up on the LMT shares on post-earnings decline.

The deal would come after the country's ministry of public security held protracted talks since at least 2022 with multiple U.S. defence companies to acquire helicopters. Lockheed Martin is also negotiating with Vietnam's defence ministry the sale of C-130 military transport planes, multiple officials have said.

Lockheed Martin faces program losses impacting Q2 earnings, yet long-term prospects remain strong with a solid backlog. See here for more on LMT stock.

Roughly 60 percent of the company’s space at Fossil Creek Business Park is now up for sublease as the defense contractor favors remote work.

Electra 10E Today, in 1936, American aviation pioneer Amelia Earhart took delivery of her Lockheed Electra 10E Special (NR16020).

Lockheed Martin is examining options to offer the Orion spacecraft through commercial services, which could enable non-NASA uses.