**Lockheed Martin (LMT) shares rose 4.3% to $518.44 in the latest trading session, attributed to increased U.S. defense budget proposals, which are expected to reach approximately $1.5 trillion by 2027, compared to $901 billion in 2026.** The spike in trading volume reflects strong market interest following these developments. Lockheed Martin is poised to report earnings of $6.33 per share for the upcoming quarter, a decrease of 17.5% year-over-year, with revenues projected at $19.74 billion, representing a 6% increase.
In related market movements, Joby Aviation Inc. (JOBY) saw a decline of 1.9%, closing at $15.25, with an unchanged EPS estimate of -$0.20 for the upcoming report, reflecting a 5.3% decrease compared to last year. Both companies currently hold a Zacks Rank of #3 (Hold).
