Why Lockheed Martin Rallied on a Bad Day for the Markets on Friday
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Lockheed Martin's shares rose 3.5% on a day when the S&P 500 fell 1.1%, driven by heightened geopolitical tensions following Israel's strike on Iran. This situation raised expectations for increased defense spending, particularly from Israel, which is a significant buyer of Lockheed's products, including the F-35. Despite earlier concerns about potential cuts to F-35 orders, the current conflict may mitigate those risks. Defense stocks like Lockheed often act as a hedge during market downturns, providing stability and dividends amid volatility.
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