Why Lockheed Martin Stock Climbed 49% in 2019
Shares of Lockheed Martin (NYSE: LMT) gained 48.7% last year, according to data provided by S&P Global Market Intelligence. That well outperformed the broader market, as represented by the S&P 500 index's 30.4% rise in 2019.
The stock rebounded strongly at the beginning of the year after a sharp decline in the fourth quarter of 2018. The company's operating results certainly gave investors much to cheer about, as Lockheed reported better-than-expected earnings in recent quarters.
Lockheed delivered 134 F-35s in 2019. Image source: Lockheed Martin.
Source Fool.com
