The major pure-play defense primes—Lockheed Martin, Northrop Grumman and Raytheon—have seen their shares come under particular pressure in recent weeks despite robust third-quarter results and encouraging initial forecasts for 2019. While the equity market has hardly been helpful, the issue that has also been plaguing the sector is concern over Boeing’s decision to bid three recent defense programs at a loss with a fixed-price development structure.  Lockheed said ...

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