Lockheed’s Stock Turnaround Driven by Missile Contracts | Durham News

Lockheed Martin’s stock plunged after profit misses tied to F-16 and C-130 cost overruns, but a stunning Q2 rebound—beating estimates and hitting a record $230 billion order backlog—has reignited bullish bets. UBS now sees the missile business, with its ironclad government contracts for THAAD and PAC-3 systems, as the real growth engine, arguing the stock is undervalued. Yet not all analysts agree; many still rate it “Hold,” leaving investors watching closely for the next earnings report.

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