Lockheed Martin Corporation (NYSE:LMT) has been a disappointing performer this year, returning a mere 4.51% year-to-date as of the close on October 1, versus 11.99% for the S&P 500. The gap further widens over a longer window: just 1.3% against 14.23% over the past 12 months. What Has Driven The Underperformance Shares had surged by nearly 40% for the year in early March, but are now down by about 26% from the peak. There are several reasons behind the slide.Lockheed Martin Corporation (LMT) Is Cheap and Lagging. Should Investors Buy the Dip? Jordan Tan / Shutterstock.
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