Lockheed Martin Corporation (NYSE: LMT) stock traded lower on Wednesday, December 17, as investors weighed a rare mix of “big-picture” Washington headlines and company-specific program momentum. In late trading (as of 20:07 UTC), Lockheed Martin shares were at $472.91, down $4.15 (-0.87%) on the day after swinging between $462.66 and $476.89.
While defense primes often move on contract wins and quarterly numbers, today’s tone was set by three catalysts: a fresh Wall Street downgrade, reports that the White House may try to rein in shareholder payouts at major contractors, and Congress moving a massive defense policy bill toward the President’s desk. [1]
