Lockheed Martin touts $281 million U.S. Army deal during strong 3rd quarter

A $281 million deal with the U.S. Army to develop a radar system had Lockheed Martin officials optimistic Tuesday despite its stock dropping briefly after the defense giant reported its earnings.

The stock price initially fell 3 percent in early morning trading after the company adjusted cash flow projections for 2020 down to $7.2 billion from $7.6 billion, according to Reuters. Read more here.