Lockheed Martin's LMT shares have lost 3.8% in the past three months compared with the Zacks Aerospace-Defense industry's decline of 7.7%. The company's record backlog, expanding munitions capacity and alignment with U.S. and allied defense priorities support durable growth.Zacks Investment Research Image Source: Zacks Investment Research Shares of other defense stocks, such as RTX Corporation RTX and Boeing BA, have also underperformed the industry during the three-month period. RTX and Boeing have declined 8% and 8.8%, respectively. The outlook for Boeing's defense and space business remains encouraging, as it is one of the largest defense contractors globally and a prominent integrator in the International Space Station.
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