Live Updates Live Coverage Updates appear automatically as they are published. Shares Now Down 8.15% 7:44 am by Eric Bleeker Shares of Lockheed trended down nearly 9% moments ago, but are now sitting at an 8.

Shares of Lockheed Martin (NYSE:LMT) tumbled as much as 9% on Tuesday after the defense contractor reported sharply lower second-quarter earnings because of more than $1.6 billion in program-related charges,

Lockheed Martin stock tanked after the defense and aerospace firm came in miles below Q2 earnings estimates. But there’s reason to load up on the LMT shares on post-earnings decline.