🟢 Lockheed Martin is trading 6.1% up today on a $502M Army contract and ATACMS co-production progress

Lockheed Martin is trading 6.1% up at $550.00 in after-hours, rebounding from recent weakness as the company secures major defense tailwinds.

• The company was awarded a new $502.38M U.S. Army contract for post-production support services.
• Progress is being made on an ATACMS missile co-production agreement with Rheinmetall in Germany amid strong global sector demand.
• Investors are also positioning ahead of the company's Q2 earnings report scheduled for later in July.