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Business/Financial

A Year-Plus After Renationalization, Effect of Lost U.K. Weapons Complex Shows at Lockheed Martin

Wednesday, October 19th, 2022

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In the nine months just ended, renationalization of the U.K. nuclear weapons complex cost Lockheed Martin’s [LMT] Space segment more than three quarters of a billion dollars, the company reported Tuesday. Bringing the British weapons program fully back into the government’s arms dropped sales in Lockheed Space by some $865 million over the past nine months, according to the company’s latest 10-Q filing with the Securities and Exchange Commission. The Kingdom’s move was long expected, but the figure gives some…

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