Lockheed Martin Misses 2025 Profit Forecast Amid F-35 Tech Upgrade Delays

Reported 16 days ago

Lockheed Martin announced that its profit forecast for 2025 falls short of Wall Street expectations due to delays in upgrading F-35 technology, leading to a cautious outlook in a climate of rising global tensions. The defense contractor expects earnings per share between $27 and $27.30, below the anticipated $27.92. The company reported significant losses associated with classified programs and experienced a 40% drop in operating profit from its aeronautics division, which primarily manufactures the F-35, accounting for 30% of its revenue.

Source: YAHOO

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