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Lockheed Martin shares jump after earnings beat and raised outlook

The company attributed its strong performance to ramped up missile production, which helped drive the earnings surprise and the decision to raise guidance.

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Lockheed Martin’s stock surged after the defense contractor reported results that beat expectations and followed with raised guidance, MarketWatch said.

The outlet linked the turnaround in performance to a ramp up in missile production, describing the production push as a key factor behind the earnings beat and the raised outlook.

MarketWatch also reported that the share move reflected investor reaction to both the earnings surprise and the updated guidance, rather than a single operational datapoint.

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