On October 26, 2021, Lockheed Martin announced its third quarter 2021 financial results. In its report, Lockheed Martin indicated that it would incur a $1.7 billion non-cash pension settlement charge, which would decrease the company’s net income by $4.72 per share.
On this news, Lockheed Martin’s stock fell $44.42 per share, or 11%, and closed at $331.91 per share that same day.