Why did Lockheed surge today? Q3 earnings beat, buyback plan send stock flying

Oct. 18, 2022 6:45 PM ETLockheed Martin Corporation (LMT) Stock, , , , , , , , By: Carl Surran, SA News Editor25 Comments

The very distinctive shape of a a F-35 Lightning II in a top view

rancho_runner/iStock via Getty Images

Lockheed Martin (NYSE:LMT) soared Tuesday to its biggest daily gain in more than two years, closing +8.7% after beating Q3 earnings estimates and increasing its stock buyback authorization by $14B.

Q3 adjusted earnings came in

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