Lockheed Martin Under Intense Wall Street Pressure On Mounting Program Risks, Q2 Woes
1. LMT faces pressure after mixed Q2 results, absorbing $1.6B in charges. 2. Goldman Sachs lowered LMT's price target to $398, citing profit concerns. 3. Analysts express caution over future earnings due to program losses. 4. Operating margin dropped to 4.1%, impacting free cash flow negatively. 5. Discussions on a $175B missile shield may influence future contracts.