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LMT Stock Sees Biggest Single-Day Rally In Nearly 25 Years As Lockheed Posts Record Backlog – Retail Says Defense Sector Getting Harder To Ignore
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Lockheed Martin's stock saw its biggest single-day rally in nearly 25 years.
The company posted a record second-quarter backlog of $230 billion.
Major contract wins supported long-term growth and lifted the backlog.
Retail investors note the defense sector is becoming harder to ignore.
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Rajeev Chandrasekhar / Jupiter Capital interests historically