Lockheed Martin Faces Steepest Monthly Drop In 3 Years As Government Shutdown Looms
Portfolio Pulse from Piero Cingari
Lockheed Martin Corp. (LMT) shares have seen a decline of approximately 9% month-to-date due to the looming risk of a U.S. government shutdown. Moody’s Investors Service warned that a shutdown could negatively impact defense service contractors, potentially affecting liquidity. However, it also noted that major prime contractors like Lockheed Martin and Leidos Holdings, Inc. (LDOS) have strong capabilities to manage payment delays effectively. The iShares U.S. Aerospace & Defense ETF (ITA) also registered a 9% decline.
September 26, 2023 | 9:01 pm
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NEGATIVE IMPACT
The iShares U.S. Aerospace & Defense ETF (ITA) has also seen a 9% decline, mirroring the industry trend.
The iShares U.S. Aerospace & Defense ETF (ITA) has seen a decline, mirroring the industry trend due to the potential U.S. government shutdown. This could negatively impact the ETF in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Lockheed Martin's stock has declined due to the potential U.S. government shutdown. However, Moody's notes that the company has strong capabilities to manage payment delays.
The potential U.S. government shutdown has led to a decline in Lockheed Martin's stock. However, Moody's has noted that the company has strong capabilities to manage payment delays, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Leidos Holdings, Inc. is noted by Moody's as having strong capabilities to manage payment delays in the event of a U.S. government shutdown.
While Leidos Holdings is not the main focus of the news, Moody's mention of the company's strong capabilities to manage payment delays in the event of a U.S. government shutdown could have a neutral impact on its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50