Lockheed Martin stock tumbled Tuesday as the defense contractor announced $1.6 billion in program losses and slashed its full-year profit forecast.

Lockheed Martin stock bounced early Wednesday after a dreadful Tuesday. Despite the higher stock price, Wall Street has some concerns about the defense contractor, and one analyst even downgraded the shares.

Lockheed Martin stock tanked after the defense and aerospace firm came in miles below Q2 earnings estimates. But there’s reason to load up on the LMT shares on post-earnings decline.