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Lockheed Martin Retreats On Earnings Miss; Defense Demand Remains Elevated

Lockheed Martin stock retreated early Thursday after the defense giant missed estimates for Q1 results, while its sales outlook wasn’t quite enough to satisfy analysts. The earnings come after RTX (RTX), Northrop Grumman (NOC) and GE Aerospace (GE) all topped expectations earlier this week. Lockheed Martin (LMT) on Wednesday reported an 11% decline in earnings to $6.44 per share. Revenue…

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