“The long knife is out,” says Jim Cramer.

Recently released Discussed when Jim Kramer of 12 shares said “The pilot is too expensive.”. Lockheed Martin Corporation (NYSE: LMT) is one of the stocks that Jim Kramer has recently discussed.

Lockheed Martin Corporation (NYSE: LMT) created a substantial chatter in the market when it announced a significant loss of $1.6 billion from aviation projects classified during second quarter revenue. Naturally, investors were intrigued about what could cause losses. Since the beginning of the year, Lockheed Martin Corporation (NYSE:LMT) has been sharing 12.1% mainly on the back of its latest revenue report. Cramer made the following statement shortly after the widely discussed revenue report:

“Well, I really don’t know that there was a stealth issue. I don’t know exactly what went wrong. I really, really, really, really like the long knife is out for James Stakelet. It’s Lockheed. That’s what I think when I see what James is doing, I don’t know what programs he’s hurting.”

Copyright: Chalabala / 123rf stock photo

In his previous comments, Cramer praised Lockheed Martin Corporation (NYSE: LMT) and CEO James Taiclet.

“I love Lockheed Martin too much to tell him to do that. Every time I see Jim Takelet, I tell myself. Why do everyone want to sell that stock with a 3% yield and a great book book and a great CEO? No, you’re long, Lockheed Martin.”

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Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.

Disclosure: None. This article was originally published Insider Monkey.