Lockheed Martin faces program losses impacting Q2 earnings, yet long-term prospects remain strong with a solid backlog. See here for more on LMT stock.

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.

Shares of security and Aerospace company Lockheed Martin (NYSE:LMT) fell 6.6% in the morning session after the company reported disappointing second-quarter results and sharply lowered its full-year profit forecast.