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Lockheed Martin Stock Surges Premarket as U.S. Strike on Iran Lifts Defense Shares
Lockheed Martin (LMT) shares surged in premarket trading following U.S. and Israeli military strikes on Iran, which led to increased geopolitical tensions and a rally in defense stocks. Investors anticipate heightened government spending on military hardware. The company’s stock has already outperformed the S&P 500, and analysts predict a significant revenue story due to expected supplemental military budgets.