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Defense Stocks Northrop Grumman and RTX Are Tanking. Is Lockheed Martin a Better Buy for Passive Income?
Northrop Grumman and RTX fell 12.2% and 8.8%, respectively, on April 22 compared to a 1.9% gain for Lockheed Martin (NYSE: LMT).All three defense contractors reported earnings on the same day, with Northrop missing badly on sales and earnings, and lowering its full-year outlook, and RTX guiding for a $850 million full-year tariff impact on operating profit. Meanwhile, Lockheed reaffirmed its full-year outlook -- a noticeable reprieve after it fell 9.2% in a single session following its January report.Here's why Lockheed stands out as one of the best defense stocks to buy for passive income.Continue reading
Northrop Grumman and RTX fell 12.2% and 8.8%, respectively, on April 22 compared to a 1.9% gain for Lockheed Martin (NYSE: LMT).
All three defense contractors reported earnings on the same day, with Northrop missing badly on sales and earnings, and lowering its full-year outlook, and RTX guiding for a $850 million full-year tariff impact on operating profit. Meanwhile, Lockheed reaffirmed its full-year outlook -- a noticeable reprieve after it fell 9.2% in a single session following its January report.
Here's why Lockheed stands out as one of the best defense stocks to buy for passive income.
