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Lockheed Martin's stock falls as U.S. cuts F-35 orders, slashing $3.5B from 2026 revenue.
Lockheed Martin's stock has dropped following news of reduced F-35 fighter jet orders by the U.S. Department of Defense, potentially reducing the company's revenue by $3.5 billion in 2026.
Despite this, the company reported strong first-quarter earnings, exceeding analyst expectations.
Additionally, institutional investors have increased their holdings in the company, and Lockheed Martin recently declared a quarterly dividend.
The stock, however, has seen a significant decline recently, trading 26% below its 52-week high.
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Las acciones de Lockheed Martin caen a medida que Estados Unidos reduce los pedidos de F-35, reduciendo $ 3.5B de los ingresos en 2026.