Lockheed Martin shares sank 10.8%-its steepest drop since 2021-after booking $1.8 billion in Q2 charges, mainly from a classified program. Truist downgraded LMT to 'Hold' and cut its target to $440. Analysts warned of further risks and margin pressure. While defense demand is rising globally, Lockheed faces uncertainty amid strategic shifts favoring drones over fighter jets.