Segment revenues fell 5% year over year with the company saying F-35 jets face delivery delays amid heightened demand. Estimates called for a 3.8% decline...
An F-35 fighter jet is moved on the assembly line at the Lockheed Martin facility in Fort Worth. Lockheed Martin reported a miss Tuesday in its aeronautics revenue segment for the third quarter.
Segment revenues fell 5% year over year with the company saying F-35 jets face delivery delays amid heightened demand. Estimates called for a 3.8% decline year over year in aeronautics revenue as quality issues arise for the F-35s following an increase in production.“Parts shortages continue to cause production inefficiencies,” the Pentagon’s contracts management agency told Bloomberg.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lockheed Martin posts better-than-expected Q3 earningsCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Read more »
Lockheed revenue rises on sustained weapons demand amid geopolitical tensionsLockheed Martin (LMT.N) reported higher third-quarter revenue on Tuesday, as geopolitical tensions fueled sustained demand for its military equipment.
Read more »
Goldman, Bank of America, Johnson & Johnson rise premarket; Lockheed Martin fallsGoldman, Bank of America, Johnson & Johnson rise premarket; Lockheed Martin falls
Read more »
Lockheed Martin Reports Earnings Tuesday. What To Expect.The company's shares are up about 10% since war broke out between Israel and Hamas.
Read more »
J&J, Bank of America, Goldman, Lockheed, Ericsson, NetScout, and More Market MoversJohnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin...
Read more »
Tesla, Goldman, Netflix, Lockheed, TSMC, and More Stocks to Watch This WeekThird-quarter earnings season picks up this week with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, Netflix, TSMC, Johnson & Johnson,...
Read more »