Lockheed Martin Stock Sinks as F-35 Sales Decline Weighs on Revenue

Key Takeaways Lockheed Martin missed revenue estimates as aerospace sales tumbled because of contractual and funding issues for its F-35 fighter jet. Still, the company revised its full-year profit outlook higher. Shares of Lockheed Martin fell from their all-time high set yesterday. Lockheed Martin (LMT) shares tumbled Tuesday as the defense contractor missed revenue estimates on a drop in aerospace sales. The company reported third-quarter revenue rose 1% year-over-year to $17.10 billion, while analysts s ...