Lockheed Martin Stock Plummets 10.81% in Fourth Consecutive Day of Decline Trading Volume Ranks 19th

On July 22, 2025, Lockheed Martin (LMT) experienced a significant drop in its stock price, falling by 10.81% and marking its fourth consecutive day of decline, with a total decrease of 12.88% over the past four days. The trading volume for the day was 37.24 billion, ranking 19th in the market.

Lockheed Martin reported a substantial decline in its second-quarter profit, which plummeted by approximately 80%. This significant drop was attributed to a pretax loss of $1.6 billion, primarily due to program losses. The company's earnings per share (EPS) decreased by 79% to $1.46, despite maintaining steady revenues and full-year sales guidance.

The defense contractor's stock price was heavily impacted by the $1.6 billion charge related to classified programs, which missed market expectations. This charge led to a sharp decline in the company's operating profit, which fell by 65% to $748 million, compared to the estimated $2.15 billion. Additionally, the revenue for the quarter was $18.16 billion, which also fell short of expectations.