Key Points - Earnings per share fell sharply to $1.46, missing analyst estimates and reflecting significant program charges.- Revenue stayed flat at $18.2 billion but came in below expectations, while operating profit dropped by 65 % compared to the prior year.

Shares of Lockheed Martin (NYSE:LMT) tumbled as much as 9% on Tuesday after the defense contractor reported sharply lower second-quarter earnings because of more than $1.6 billion in program-related charges,

Live Updates Live Coverage Has Ended Lockheed Down 6.4% 10:54 am by Eric Bleeker Lockheed shares are down 6.4% in morning trading. Extra salt in the wounds of Lockheed investors comes compliments of Northrop Grumman,