Lockheed Martin Inc. (LMT) shares are on the rise today, driven by escalating geopolitical tensions in the Middle East. The company’s stock is currently up 3.61%, trading at $605.64, according to Benzinga Pro. This surge in share price can be attributed to the heightened anxieties surrounding a potential Iranian ballistic missile strike against Israel.
Reports indicate that Iran is preparing this attack as retaliation for an airstrike that killed Hezbollah leader Hassan Nasrallah. The U.S. has warned that the attack is imminent, adding to the growing concern about a wider regional conflict. In response to this looming threat, Israel has intensified its military actions, deploying troops into southern Lebanon to counter Hezbollah forces.
The U.S. has also taken steps to bolster its military presence in the region, signaling its preparedness to support Israel in the event of an attack. The escalating situation has sparked global market volatility, with oil and gold prices surging as investors react to the potential for further disruptions in the region.
Adding to the anticipation, Lockheed Martin is scheduled to release its third-quarter 2024 earnings results webcast on October 23. During the webcast, CEO James Taiclet and other top executives will discuss the company’s performance and provide updates on key topics. The company is projecting expected EPS of $6.46 and expected revenue of $17.402 billion.
As the Middle East remains on high alert, investors are closely watching the situation and its potential impact on global markets and defense companies like Lockheed Martin.
