they nailed the presidential helicopter too..
Lockheed Martin is up a little over $4 currently at ~$71 a share
They have better things to do then do business with big gubamint, and have adapted well to other opportunities and ventures.
Pentagon to end F-22 jets, presidential chopper
Gates: Pentagon to end Lockheed Martin’s F-22 fighter jets, presidential helicopter programs
http://finance.yahoo.com/news/Pentagon-to-end-F22-jets-apf-14860901.html
Lockheed Martin is up a little over $4 currently at ~$71 a share
They have better things to do then do business with big gubamint, and have adapted well to other opportunities and ventures.
Aye, Gates wants to kill the VH-71. Poetic justice if you ask me, why spend $6.5 billion on a chopper just for the president, when that president wants to gut the military.
In any case, 5 years ago, any negative news about the F-22 would tank LMC, in fact it did once, causing the stock to drop from $70 to the low $40s as I recall, but these days it's all about the F-35. I surmise that the positive news about the F-35 is responsible for that gain.