Why Lockheed Martin Shares Are Trading Higher Today?

Lockheed Martin Inc. LMT shares are moving higher today, driven by increased geopolitical tensions in the Middle East. Here’s what you need to know.

What To Know: Reports have surfaced indicating that Iran is preparing a ballistic missile strike against Israel in retaliation for an airstrike that killed Hezbollah leader Hassan Nasrallah. The U.S. has indicated that it believes the attack is imminent, heightening the risk of a broader regional conflict.

This potential escalation has intensified Israel’s military actions, including deployments into southern Lebanon to counter Hezbollah forces. The situation has prompted the U.S. to bolster its military presence in the region, preparing to assist Israel in the event of an attack. The looming strike and rising conflict have rattled global markets, with oil and gold prices surging as investors anticipate further disruptions in the region.

What Else: In addition, Lockheed Martin has scheduled its third-quarter 2024 earnings results webcast for October 23, where CEO James Taiclet and other top executives will discuss company performance and provide updates on key topics. The company is estimating expected EPS of $6.46 and expected revenue of $17.402 billion.

LMT Price Action: Lockheed Martin shares are up 3.61%, trading at $605.64 at the time of writing, according to Benzinga Pro.

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Image via Lockheed Martin.