Lockheed Martin Stock Surges 2.77% With $791 Million Trading Volume Ranking 93rd Amid Pentagon F-35 Jet Order Cut

On June 12, 2025, Lockheed Martin (LMT) saw a 2.77% increase in its stock price, with a trading volume of $791 million, ranking 93rd in the day's market activity.

Lockheed Martin's stock price experienced a decline following reports that the Pentagon had halved its request for F-35 jets for the Air Force in the current fiscal year. This reduction in orders is part of a broader cost-cutting measure by the Pentagon, which has significant implications for Lockheed Martin, a key supplier of the F-35 program.

The U.S. Air Force has cut its planned procurement of F-35 fighter jets for fiscal year 2026 from 48 units to 24. This strategic move is expected to impact Lockheed Martin, which relies heavily on this program for its revenue.

Analysts have set an average price target for Lockheed Martin at $530.42, predicting a potential upside of 11.22%. Additionally, Lockheed Martin holds an "Outperform" status, reflected in an average brokerage recommendation of 2.4 derived from 25 firms. This rating operates on a scale of 1 to 5, where a score of 1 indicates a Strong Buy and 5 signifies a Sell position.