Despite significant charges and tax uncertainties, Lockheed Martin Corp (LMT) reaffirms its sales guidance and showcases strong shareholder returns and operational efficiency.

Live Updates Live Coverage Has Ended Lockheed Down 6.4% 10:54 am by Eric Bleeker Lockheed shares are down 6.4% in morning trading. Extra salt in the wounds of Lockheed investors comes compliments of Northrop Grumman,

Shares of Lockheed Martin ( NYSE: LMT) tumbled as much as 9% on Tuesday after the defense contractor reported sharply lower second-quarter earnings because of more than $1.6 billion in program-related charges, falling short of Wall Street expectations.

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 company trimmed its 2025 profit outlook to $6.60bn - $6.70bn range from the previous expectation of $8.10bn - $8.20bn.

Analysts expect the Bethesda, Maryland -based company to report quarterly earnings at $6.57 per share, down from $7.11 per share in the year-ago period. Lockheed Martin projects to report quarterly revenue at $18.58 billion, compared to $18.12 billion a year earlier, according to data from Benzinga Pro.

The defense contractors’ stocks move in opposite directions after Lockheed discloses $1.6 billion in losses on its legacy defense business.

Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S. defense giant recorded pre-tax losses of $1.6 billion, mainly linked to a classified program within its Aeronautics segment.