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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 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 Stock Sinks as F-35 Sales Decline Weighs on Revenue
Key Takeaways Lockheed Martin missed revenue estimates as aerospace sales tumbled because of contractual and funding issues for its F-35 fighter jet.Still, the company revised its full-year profit outlook higher.
Lockheed Martin Stock Is Losing Ground Today
Why Lockheed Martin Stock Is Losing Ground Today
Lockheed Martin (NYSE: LMT) beat on earnings but missed on revenue because of F-35 delivery delays, and narrowed its full-year guidance. Investors were underwhelmed by the news, sending Lockheed shares down 5% as of 10:30 a.m. ET.
Lockheed Martin Earnings Were Rock Solid. The Stock Is Slumping.
Lockheed Martin reports third quarter earnings Tuesday morning. Wall Street is looking for earnings per share of about $6.50 from sales of $17.4 billion, according to FactSet.
Why Did Lockheed Martin Stock Tumble After Earnings Report?
Lockheed Martin's Q3 earnings show a decline in sales but strong EPS, with future growth potential and a solid dividend growth streak making it a buy. See more.
Shephard Media
6h
Lockheed Martin takes financial hit amid ongoing F35 troubles
Lockheed Martin also disclosed that its work on Lot 18-19 of F35s was ongoing and it remained in negotiations with the US ...
Government Technology
20h
Lockheed Martin to Build New Hurricane Hunter Aircraft
As hurricanes become more severe and dangerous, Lockheed Martin in Marietta, Ga., will play a role in improving research for ...
1d
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 ...
3d
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 ...
Defense Daily Network
20h
Lockheed Anticipates Army To Move Sentinel A4 Radar Into Full-Rate Production In 2025
Lockheed Martin has confirmed it’s set to support planned proposal activities later this year with the Army on moving the ...
Executive Gov
1d
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
1d
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.
1d
Lockheed Martin price target lowered to $665 from $675 at RBC Capital
RBC Capital lowered the firm’s price target on Lockheed Martin (LMT) to $665 from $675 but keeps an Outperform rating on the shares. The ...
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