Here's Why Lockheed Martin Stock Flew Lower Today

Shares in defense contractor Lockheed Martin (LMT -2.28%) declined by as much as 6% in early morning trading Thursday on the news that chief financial officer (CFO) Jay Malave was departing the company to pursue other opportunities. An interesting departureMalave has held the title of CFO at two businesses that were part of the former United Technologies (UTC Carrier and UTC Aerospace Systems), the defense company L3Harris Technologies, and, since 2022, Lockheed Martin. So it's hard to think of a more signi ...