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Lockheed Is Locked and Loaded
By Jeremy MacNealy
April 27, 2006

So Lockheed Martin (NYSE: LMT) posts blockbuster first-quarter results with an earnings-per-share increase of 61% to $1.34, yet its stock sells off. What gives? In light of its sharp run-up from the upper-$50 range since November, the nervousness appears to be based on concerns over future budget cuts in federal defense spending. But going by this quarter's performance alone, there seems to be plenty to savor.....
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