Lockheed Martin Stock Surges 23% as Raytheon Rises 2.8% Amid Global Market Decline

Lockheed Martin's stock experienced a significant increase amid a broader global market downturn. The aerospace giant saw its stock price surge by 23% before retreating, while global markets, including cryptocurrencies and Asian equities, continued to decline. This rise in Lockheed Martin's stock is attributed to anticipated conflicts in the Middle East, leading to increased demand for defense contractors. Raytheon also saw a sharp increase in its stock price, rising by 2.8% in 24-hour trade. The market's reaction suggests a pricing in of potential war, with the VIX index up by 180% over two weeks.