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Business/Financial

Executive Separation Charge Helps Drag Down Lockheed Martin’s Earnings

DDN

Wednesday, October 20th, 2010

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By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a sharp decline in third quarter earnings largely due to a hefty charge stemming from a previously announced voluntary executive separation program as well as other corporate expenses, leading the defense contractor to also lower its earnings guidance for the year. The company also provided a general outline for 2011 expectations, saying earnings would be flat while sales would increase in the low single digits. The weak outlook for next year stems…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

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Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]