For investors tracking Lockheed Martin (NYSE: LMT), the past year has been a test of patience.
The stock has underperformed the broader market, creating a disconnect between the defense sector giant’s strategic importance and its recent market performance. The most recent catalyst for this downward pressure was the company's second-quarter 2025 earnings report, released in late July, which revealed $1.6 billion in pre-tax losses associated with a handful of complex programs. This led management to cut its full-year earnings-per-share (EPS) forecast, raising questions and doubts among investors.
