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Lockheed Martin Slips 9% As Q3 Sales Miss Street View, Outlook Trimmed

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Shares of Lockheed Martin Corp. (LMT) are slipping about 9% on Tuesday morning after the aerospace and defense company's third-quarter sales missed estimates due to supply chain issues. The company sees the problem to worsen going forward and lowered its full-year revenue outlook.

LMT is currently trading at $344.04, down $32.29 or 8.58%, on the NYSE. The stock has traded between $319.81 and $396.99 in the 52-week period.

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Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.