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 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.
Lockheed Martin's 12.5% operating margin came in about 60 basis points ahead of expectations, and free cash flow of $2.1 ...
Defense News on MSN7h
Lockheed feels financial pinch from F-35 upgrade, contract delaysLockheed Martin expects to deliver dozens more jets than usual starting in 2025 as it works through a backlog.
We expect the company to post mixed results, with revenue of $17.0 billion and earnings of $6.50 per share, compared to the ...
Security and Aerospace company Lockheed Martin (NYSE:LMT) fell short of the market’s revenue expectations in Q3 CY2024 as ...
Lockheed CEO Revives CCA Debate Over Combat Readiness Timing is published in Aerospace Daily & Defense Report, an Aviation ...
According to Demaree, Lockheed is focusing on three key initiatives to help better align the company’s IRAD efforts to its ...
Key Insights Given the large stake in the stock by institutions, Lockheed Martin's stock price might be vulnerable ...
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