Argus analyst John Eade lowered the firm’s price target on Lockheed Martin (LMT) to $510 from $600 and keeps a Buy rating on the shares. The

U.S. defense contractor Lockheed Martin Corporation has agreed to pay $29.74 million to settle allegations of defective pricing on contracts for F-35 military aircraft, the U.S. Justice Department said on Thursday.

Argus analyst John Eade lowered the firm’s price target on Lockheed Martin (LMT) to $510 from $600 but keeps a Buy rating on the shares and notes