Tag Archives: 1.6B

July 22 – Lockheed Martin (NYSE:LMT) shares fell more than 6% Tuesday after the defense contractor reported an 80% plunge in second-quarter profit. This profit decline was due to the $1.6 billion pretax charge tied to a classified Aeronautics program. Net income dropped to $342 million, or $1.46 per share, compared with $1.64 billion, or $6.85 per share, a year …

Lockheed records $1.6B in losses, mostly linked to continued strife on classified aero program  Breaking Defense Lockheed profit dives 80% on $1.6 billion charge, shares tumble  Reuters Lockheed Stock Falls After Earnings. What Caught Wall Street by Surprise.  Barron’s Lockheed Martin Stock Stumbles as Defense Contractor Cuts Forecast  Investopedia Lockheed Martin Tumbles On Earnings. Here’s Why.  Investor’s Business Daily Source link