Lockheed Martin Shares Surge 2.9% on Geopolitical Tensions

Analysts Weigh In on the Defense Giant's Prospects Amid Iran Conflict

Published on Mar. 2, 2026

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Shares of Lockheed Martin Corporation (NYSE:LMT) traded up 2.9% on Monday, reaching as high as $692.00, as geopolitical tensions between the U.S., Israel, and Iran have driven a defensive rotation and lifted the defense contractor's stock. Analysts are weighing in on the potential impact of heightened demand for Lockheed's products like the F-35 fighter jet, interceptors, and air defense systems.

Why it matters

Lockheed Martin is one of the world's largest defense contractors, so its stock performance is closely watched as a barometer for the overall defense industry. The recent surge in its share price reflects investor expectations of increased military spending and weapons orders amid the escalating conflict with Iran.

The details

In three separate incidents since July, police said 45-year-old San Francisco resident Walker Reed Quinn has been damaging Waymo autonomous vehicles by removing and swinging his belt, placing a cone on the dome and sensors, damaging tires and mirrors, and stomping on the windshield. Quinn has a history of vandalism and was out on bail for prior cases related to Waymo vehicles.

  • On July 4, Quinn allegedly dove onto the hood of a Waymo vehicle and covered sensors.
  • On July 29, Quinn allegedly damaged a Waymo's tires and driver's side mirror.
  • On August 11, Quinn allegedly stomped on a windshield while someone was inside.

The players

Lockheed Martin Corporation

A global aerospace and defense company that designs, develops, and manufactures advanced technology systems for government and commercial customers.

Walker Reed Quinn

A 45-year-old San Francisco resident who has a history of vandalism and was out on bail for prior cases related to Waymo vehicles.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.