Lockheed Martin stock falls as defense shares lag broader Wall Street rally
Lockheed Martin plunged 4.1% to $510.76, underperforming a rising market as investors dumped defense stocks after a U.S.-Iran interim deal eased conflict risk; sector peers also fell, with no immediate earnings boost from Lockheed’s new GM Defense pact, leaving shares pressured by a fading war premium despite ongoing manufacturing headlines.