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Business/Financial

Lockheed Martin Outlines $1.6 Billion In Charges, Including Skunk Works Program

By Cal Biesecker

Tuesday, July 22nd, 2025

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Lockheed Martin Outlines $1.6 Billion In Charges, Including Skunk Works Program

Logo for Lockheed Martin Skunk Works. Source: Lockheed Martin

A program at Lockheed Martin’s [LMT] secretive Skunk Works unit continues to bedevil the company, racking up a $950 million pre-tax loss, the largest of $1.6 billion in charges the company took in its second quarter. The unnamed classified program is a must complete job, Jim Taiclet, Lockheed Martin’s chairman, president and CEO, said Tuesday during the company’s second quarter earnings call. “This is a highly classified program that can only be described as game changing capability for our joint…

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]

Congress

HASC’s FY ‘27 NDAA Adds More Black Hawks, Chinooks For Army, No Plus-Up For Apaches

The House Armed Services Committee’s (HASC) draft of the next defense policy bill supports hundreds of millions dollars for the Army to buy additional Black Hawk and Chinook helicopters in […]

Congress

HASC’s $1.15 Trillion FY ‘27 Draft NDAA Doesn’t Shift Items Over From Reconciliation Request

The House Armed Services Committee (HASC) on Tuesday unveiled its $1.15 trillion draft of the next defense policy bill, aligning with the White House’s requested discretionary topline while not including […]

Budget

DoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns

A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]