Tue, 26 Oct 2021 14:55:24 GMT
Lockheed Martin stock plummets
During the first hour of Tuesday's US trading hours, the stock price for Lockheed Martin Corporation plummeted -10.90% and reached the September low level at $335.00.
The drop was caused by the company decreasing its revenue forecast for 2021 by 2.5%. In addition, Lockheed stated that the next year's revenue could drop by $66 billion.
The reason for the decrease was