:

Business/Financial

Lockheed Martin Posts Lower Earnings, Higher Sales Amid Major Transformation

By Cal Biesecker

Tuesday, January 24th, 2023

SHARE:

Lockheed Martin Posts Lower Earnings, Higher Sales Amid Major Transformation

James Taiclet, chairman, president and CEO of Lockheed Martin. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday reported better than forecast top and bottom-lines in its fourth quarter, posting strong sales growth and a slight dip in earnings as the company touted significant progress in 2022 in an ongoing transformation effort designed to expand the use of digital technologies and accelerate engineering and development to get solutions to customers faster at less cost. The transformation effort, dubbed One LMX, was driven by a record $1.9 billion in internal research and development (IRAD)…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]