Reported about 16 hours ago
Lockheed Martin and Northrop Grumman reported their Q2 earnings, with Lockheed facing significant losses while Northrop's stock surged. Analyst Richard Safran discusses the disappointing results from Lockheed due to unexpected charges, yet remains optimistic about its future growth amid rising defense spending. He also highlights General Dynamics and Boeing's strengths, indicating a favorable outlook for the defense sector as demand increases for modernization and new technology.
Source: YAHOO