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Lockheed Martin second-quarter profit plummets on US$1.6 billion charge
Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80 per cent, after the U.S. defense group recorded a pretax loss of US$1.6 billion, mainly linked to a classified program within its Aeronautics segment.
Lockheed Martin’s second-quarter earnings fell well short of Wall Street expectations on a bevy of one-time charges.
The defense contractors’ stocks move in opposite directions after Lockheed discloses $1.6 billion in losses on its legacy ...
The company also cut its 2025 operating profit outlook by $1.5 billion to $6.65 billion. The charge included $950 million ...
Shares of Lockheed Martin ( NYSE: LMT) tumbled as much as 9% on Tuesday after the defense contractor reported sharply lower ...
Major U.S. equities indexes were mixed Tuesday as investors reacted to the latest earnings reports and prepared for Big Tech ...
Although Lockheed executives remain bullish on the secretive programme's long-term prospects, the effort generated $950 ...
I maintain a bullish stance on the defense sector, and I'm bullish on both RTX as well as Lockheed Martin (LMT). See why RTX ...
Shares of Lockheed Martin were trading at $463.96 as of July 18. Over the last 52-week period, shares are down 7.63%. Given ...
The airframer's chief executive says international demand remains strong following recent battlefield successes, and there is ...
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