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Lockheed Martin lifts 2025 forecasts on robust defense demand

By Utkarsh Shetti and Mike Stone (Reuters) -U.S. defense contractor Lockheed Martin raised its 2025 forecast for revenue and profit on Tuesday, driven by sustained demand for its fighter jets and munitions amid escalating geopolitical tensions. Shares of the company rose 3.2% before the bell. Weapons makers are benefiting from surging demand for arms as a result of simmering conflicts in the Middle East and a protracted Russia-Ukraine war. Lockheed, which makes the F-35 stealth fighters, said its aeron ...