Lockheed Martin Corp. Stock Rises Tuesday, Still Underperforms Market

Telos Corp

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Company profile

Telos Corporation is a provider of cyber, cloud and enterprise security solutions. The Company operates through two segments: Security Solutions and Secure Networks. The Security Solutions segment focuses on cybersecurity, cloud and identity solutions through Xacta, Telos Ghost, Automated Message Handling System (AMHS) and Telos ID offerings. The Secure Networks segment provides secure networking architectures and solutions to its customers through secure mobility solutions and network management and defense services. The Secure Networks segment has its capabilities, which include network design, operations, and sustainment; system integration and engineering; network security and compliance; deployable comms; innovation and digital transformation; service desk; defensive cyber operations, and program management. Its customer base consists of the United States (U.S.) federal government, large commercial businesses, state and local governments, and international customers.

Lockheed Martin Corp. Stock Rises Tuesday, Still Underperforms Market

5:06 pm ET January 31, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Lockheed Martin Corp. (LMT) inched 0.58% higher to $463.26 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.46% to 4,076.60 and the Dow Jones Industrial Average rising 1.09% to 34,086.04. This was the stock's second consecutive day of gains. Lockheed Martin Corp. closed $35.69 below its 52-week high ($498.95), which the company reached on December 2nd.

The stock underperformed when compared to some of its competitors Tuesday, as Raytheon Technologies Corp. (RTX) rose 1.15% to $99.85, Boeing Co. (BA) rose 1.59% to $213.00, and Northrop Grumman Corp. (NOC) rose 1.99% to $448.04. Trading volume (2.1 M) eclipsed its 50-day average volume of 1.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 31, 2023.

(END) Dow Jones Newswires

January 31, 2023 17:06 ET (22:06 GMT)

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Lockheed Martin Corp. Stock Rises Tuesday, Still Underperforms Market