Lockheed Martin stock jumps on Trump defense budget boost, but buyback curbs hang over LMT

Lockheed Martin shares were up 4.5% at $541.92 in late morning trading on Friday.

Defense Industry · NYSE:LMT · Stock Market
US economic calendar today: What to watch as U.S. stock futures slip before Friday’s jobs report

US economic calendar today: What to watch as U.S. stock futures slip before Friday’s jobs report

U.S. stock index futures edged down on Thursday, with traders keeping positions tight ahead of Friday’s nonfarm payrolls report, while defense names rose on talk of a bigger Pentagon budget. At 5:08 a.m. ET, Dow futures were down 146 points, or 0.30%, S&P 500 futures slipped 0.22% and Nasdaq 100 futures fell 0.31% — futures are contracts that track where indexes may open. Lockheed Martin climbed 7.2%, Northrop Grumman added 7.5% and RTX rose 4.9% after Trump said the 2027 U.S. military budget should be $1.5 trillion, versus the $901 billion Congress approved for 2026. Reuters
8 January 2026
····
Space and Defense Stocks Jump as Trump Pitches $1.5 Trillion Military Budget, Despite Buyback Crackdown

Space and Defense Stocks Jump as Trump Pitches $1.5 Trillion Military Budget, Despite Buyback Crackdown

U.S. space and defense stocks jumped in early premarket trade on Thursday after President Donald Trump called for a $1.5 trillion military budget for 2027, with Lockheed Martin up 7.2% and Northrop Grumman up 7.5%. RTX gained 4.9% and Kratos Defense rose 7.1%, even as Dow, S&P 500 and Nasdaq futures fell about 0.2%-0.3% heading into Friday’s payrolls report. Jefferies economist Mohit Kumar warned that a shift toward more government intervention could “create uncertainty” and add to some risk premium. Reuters
8 January 2026
····
Dow, S&P 500 futures dip as Trump policy headlines bite and jobs report looms; Samsung flags record AI-chip profit

Dow, S&P 500 futures dip as Trump policy headlines bite and jobs report looms; Samsung flags record AI-chip profit

U.S. stock index futures slipped on Thursday morning as investors turned cautious ahead of Friday’s U.S. jobs report, while defense shares jumped after President Donald Trump called for a $1.5 trillion military budget in 2027. At 05:08 a.m. ET, Dow futures were down 0.30%, S&P 500 futures fell 0.22% and Nasdaq 100 futures eased 0.31%; RTX gained 4.9% in premarket trading and Lockheed Martin climbed 7.2%. “While details are unclear and implementation cumbersome, a move towards more government intervention would create uncertainty and add to some risk premium in the markets,” said Mohit Kumar, an economist at Jefferies. Reuters
8 January 2026
·····
Lockheed Martin stock pops in US premarket as Trump touts $1.5 trillion military budget, buyback ban looms

Lockheed Martin stock pops in US premarket as Trump touts $1.5 trillion military budget, buyback ban looms

Lockheed Martin shares jumped about 7% in premarket trading on Thursday after President Donald Trump called for a $1.5 trillion U.S. military budget for 2027, lifting defense contractors even as broader stock index futures edged lower ahead of key U.S. labor data. “A move toward more government intervention would create uncertainty,” said Mohit Kumar, an economist at Jefferies. Reuters
8 January 2026
···
RTX stock rebounds on Trump’s defense-spending push as buyback curbs hang over sector

RTX stock rebounds on Trump’s defense-spending push as buyback curbs hang over sector

RTX shares rose 4.6% in premarket trading on Thursday after President Donald Trump called for a $1.5 trillion U.S. military budget for next year. Lockheed Martin and Northrop Grumman were up more than 6% in early trade. “Geopolitics is the inescapable story of 2026 thus far,” said Neil Wilson, UK investor strategist at Saxo Bank; Investec analyst Ben Bourne said the move could fuel a rotation into UK defence names. Reuters
8 January 2026
····
Lockheed Martin (LMT) stock slides nearly 5% after Trump targets defense dividends, buybacks

Lockheed Martin (LMT) stock slides nearly 5% after Trump targets defense dividends, buybacks

Lockheed Martin shares fell on Wednesday and were last down 4.8% at $496.87 in after-hours trading, after U.S. President Donald Trump said he would not allow defense contractors to pay dividends or buy back stock until they fix what he called slow production and maintenance of military equipment. The stock touched $496.12 at the session low. Reuters
8 January 2026
···
Dow Jones falls from intraday record as Trump policy moves hit financials; jobs report next

Dow Jones falls from intraday record as Trump policy moves hit financials; jobs report next

The Dow Jones Industrial Average fell 466 points, or 0.94%, to 48,996.08 on Wednesday, retreating from an intraday record as Trump policy comments hit financials and defense shares. JPMorgan dropped 2.3% after Wolfe Research downgraded it to “peer perform” from “outperform,” and “Rumors that the AI trade was done turned out not to be true,” said Jake Dollarhide of Longbow Asset Management, as Nvidia and Alphabet helped the Nasdaq end up 0.16%. Reuters
7 January 2026
······
Lockheed Martin stock slides after Patriot missile deal, Goldman sticks to $430 sell target

Lockheed Martin stock slides after Patriot missile deal, Goldman sticks to $430 sell target

Lockheed Martin has struck a seven-year framework agreement with the U.S. Department of War to more than triple production capacity of its PAC-3 missile interceptors, a key part of the Patriot air-defense system. Output is expected to rise to about 2,000 a year from roughly 600 as demand for air defenses climbs, and the missiles have also been supplied to Ukraine. The U.S. military awarded Lockheed a record $9.8 billion contract in September for 1,970 Patriot missiles. Reuters
7 January 2026
··
Why Lockheed Martin stock is sliding: Trump payout threat collides with PAC-3 missile ramp and a Goldman sell

Why Lockheed Martin stock is sliding: Trump payout threat collides with PAC-3 missile ramp and a Goldman sell

Lockheed Martin shares slid about 4.5% in afternoon trading on Wednesday after U.S. President Donald Trump said he would block dividends and share buybacks for defense contractors until they speed up weapons production. Trump also urged new production plants and called defense executive pay “exorbitant,” while offering no details on enforcement; Northrop Grumman, RTX and General Dynamics shares were also lower. Reuters
7 January 2026
······
Pentagon-Lockheed deal aims to triple PAC-3 Patriot interceptor output to 2,000 a year

Pentagon-Lockheed deal aims to triple PAC-3 Patriot interceptor output to 2,000 a year

The U.S. Department of War said it has signed a seven-year framework agreement with Lockheed Martin to lift annual production of the PAC-3 Missile Segment Enhancement — a Patriot interceptor meant to hit incoming missiles — to about 2,000 units from roughly 600. The department said it will also work with key suppliers on seven-year subcontracts, part of what it calls a new acquisition model. Michael Duffey, the under secretary for acquisition and sustainment, called it “a fundamental shift in how we rapidly expand munitions production.” U.S. Department of War
7 January 2026
·
1 2 3 4 5 6 … 9
Follow on Google News
Add as preferred source Open in Google News