Defense Stocks Hit All-Time Highs Amid Middle East Escalation
LMTLockheed Martin(LMT) Forbes·2024-10-02 03:25

Topline In a predictably grim phenomenon tied to outbreaks of global violence, aerospace and defense stocks climbed to record prices in an otherwise down day for the stock market, as Wall Street reacted to the latest escalation in the Middle East by anticipating larger contracts for military suppliers. Lockheed Martin stock rose Tuesday to a record high. NurPhoto via Getty Images Key Facts The stocks of several major U.S. defense contractors rallied Tuesday, as Lockheed Martin, RTX (previously Raytheon), No ...