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Lockheed Martin, F-35
Lockheed Martin shares slide 5% on F-35 headwinds despite lifting profit and sales forecast
Defense contractor Lockheed Martin lifted its annual profit and sales forecasts on Tuesday, but shares slid 5% because the company's F-35 fighter jet program faced payment headwinds stemming from the government contracting process.
Lockheed Martin Stock Sinks as F-35 Sales Decline Weighs on Revenue
Lockheed Martin missed third-quarter revenue estimates as aerospace sales tumbled because of contractual and funding issues for its F-35 fighter jet.
Lockheed Martin Tops Q3 EPS Forecast
Third-quarter EPS of $6.80 beat expectations by 4.6%, driven by efficient cost management and improved margins. Key segments such as Missiles and Fire Control (MFC) achieved an 8% year-over-year uptick in net sales and a 15% boost in operating profits. The Rotary and Mission Systems (RMS) segment managed a 6% sales increase.
5h
on MSN
Lockheed Martin Earnings Were Rock Solid. The Stock Is Slumping.
Lockheed Martin delivered another solid quarter that essentially put to bed any doubt about 2024 earnings. Now, investors’ ...
6h
Lockheed Martin (LMT) Q3 2024 Earnings Call Transcript
Good day, and welcome, everyone, to the Lockheed Martin third quarter 2024 earnings results conference call. Today's call is ...
1d
What To Expect From Lockheed Martin’s Q3?
We expect the company to post mixed results, with revenue of $17.0 billion and earnings of $6.50 per share, compared to the ...
Executive Gov
5h
Maria Demaree: How Lockheed Is Addressing Space Challenges for Gov Customers
Learn how Lockheed Martin is approaching innovation in space and collaborating with its customers in this interview with ...
Defense News on MSN
7h
Lockheed feels financial pinch from F-35 upgrade, contract delays
Lockheed Martin expects to deliver dozens more jets than usual starting in 2025 as it works through a backlog.
12h
on MSN
Lockheed Sees Higher Sales on Strong Missile, Radar Orders
Lockheed Martin Corp. raised its outlook for the second time this year after sales of its missiles and radars were higher ...
Aviation Week
4h
Lockheed Partially Stops Work On Turkey’s T-70 Program
Lockheed Martin stopped work on parts of a program to deliver locally manufactured T-70 Black Hawks in Turkey earlier this month, adding a new complication to reviving the long-stalled Turkish Utility ...
8h
Why Lockheed Martin, RTX stand to outperform in 'foreseeable future'
Defense contractor stocks are drawing attention as Lockheed Martin (LMT) and RTX (RTX) face market pressure on Tuesday. The ...
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