Lockheed Martin faces $1.8B charges, negative cash flow, and a 10% stock drop despite strong demand. Find out why LMT stock is a Buy.

Lockheed Martin still has a solid business, but there are few immediate catalysts. Lockheed Martin's (NYSE: LMT) quarter was loaded with cost overruns and write-offs, causing the defense contractor to miss expectations.

Lockheed Martin (LMT) stock tumbled Tuesday as the defense contractor reported $1.6 billion in losses across a range of programs and slashed its full-year profit forecast. Shares of Lockheed were down 8% in recent trading.