Sign In
Search
Business/Financial

Lockheed Martin Posts Lower Earnings, Higher Sales Amid Major Transformation

Cal Biesecker By
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)…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Tax Benefit Boosts SAIC’s Income In Second Quarter But Sales Dip On Federal Contracting Challenges

Business/Financial

AIRO, Ukraine’s Nord Drone, Plan On Joint Venture To Scale Production, Increase Offerings

Business/Financial

PBS Aerospace Opens Turbojet Engine Facility In Georgia

Business/Financial

Safran’s U.S. Business To Acquire Sensing Company Attollo Engineering

Trending

SECNAV Establishes New Robotic And Autonomous Systems Program Office, Consolidating Portfolios
Congress Add for Northrop Grumman IVEWS May Top More Than $400 Million
Boeing Says MQ-28 Demonstrations Prove Operational Effectiveness
LITENING Modernization May Be Big Ramp-Up Opportunity for Northrop Grumman
Safran’s U.S. Business To Acquire Sensing Company Attollo Engineering

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume