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📰 Lockheed Martin stock at risk as Anduril builds cheaper Patriot, THAAD alternative
Lockheed Martin stock has come under pressure and is underperforming the broader market this year. It was trading at $509 on Friday, down by 26% from its highest point this year, and this sell-off may continue as Anduril launches a new interceptor missile known as Steelfin. Anduril is working on Steelfin, challenging Lockheed Martin For many years, the Military Industrial Complex was made up of a handful of companies that dominated the sector. This included top companies like Lockheed Martin, RTX, General Dynamics, Boeing, and Northrop Grumman. These firms had pricing power, allowing them to overcharge the US government and other countries. Now, the industry is being disrupted by upstarts like Anduril, which is now valued at over $61 billion.…
Source : Invezz
Time : 2026-10-12 13:35:00
Credit : crispus nyaga
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