Lockheed Martin Executive Sells Nearly Entire Stake Amid Strong Institutional Buying

While defense contractor Lockheed Martin continues to secure multi-billion dollar contracts and achieve production milestones, a significant insider transaction has captured market attention. The company’s Chief Operating Officer has disposed of almost his entire shareholding, creating a stark contrast with institutional investors who are substantially increasing their positions.

The defense giant has marked a significant manufacturing achievement with the delivery of its 750th HIMARS rocket launcher to the U.S. Army. More importantly, production capacity is undergoing a major expansion. The current annual output of 48 systems will double to 96 launchers, supported by a $2.9 billion contract package ensuring this increased manufacturing rate.

Simultaneously, Lockheed secured additional funding from Read more...