Shares of Lockheed rose 2.5% in premarket trading, after the company said it delivered 134 F-35 fighter jets to the United States and its allies in 2019, a 47% increase from a year earlier. Defense contractors General Dynamics, Lockheed and Northrop Grumman Corp are expected to outperform this year, in line with the sector’s general pattern during presidential election years. U.S.-Iran tensions over the past few months have also helped build momentum for defense purchases, benefiting Lockheed and other weapons makers, analysts have said. …read more
Source:: Yahoo Finance
