Sign In
Search
Business/Financial

Lockheed Martin’s Sales Dip In Third Quarter, Sees Further Drop In 2022; Aerojet Deal Delayed

Cal Biesecker By
SHARE:
Lockheed Martin’s Sales Dip In Third Quarter, Sees Further Drop In 2022; Aerojet Deal Delayed
James Taiclet, chairman, president and CEO of Lockheed Martin. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday reported lower sales in its third quarter and reduced its outlook for revenue for 2021 with further declines expected in 2022 before rebounding to growth beginning in 2023. Combined with the depressed sales outlook at least through 2022 and a cut to the forecast for operating cash flow this year, investors sent Lockheed Martin’s shared down $44.43, nearly 12 percent, to close at $331.90 on Tuesday. James Taiclet, chairman, president and CEO of Lockheed Martin,…

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

Deep Elected To General Dynamics Board

Business/Financial

AE Industrial Partners Completes Acquisition Of Rocketdyne From L3Harris

Business/Financial

Lockheed Martin Reports $140 Million In Tariff Refunds; Other Primes Haven’t Quantified Payback

Business/Financial

PDW Eyes Supplying Parts To Support U.S. Production Of One Million Drones Annually

Trending

DARPA’s Lift Challenge Winner Demonstrated ‘Unprecedented” Payload-To-Weight Ratio
Impulse Space Gets Space Force Award For More Tactically Responsive Space Missions
Army Launches Effort To Speed Up Industry’s Access To Test Ranges
First Battleship Could Cost Over $23 Billion And Start Later Than Planned, CBO Says
APG-85 Radar in LRIP, Northrop Grumman Says; F-35 Program Declines Comment

Congress Updates

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume