:

Business/Financial

Severance Charge, Operating Declines Lead Lockheed Martin’s First Quarter Earnings Down

By Cal Biesecker

Tuesday, April 26th, 2016

SHARE:

Severance Charge, Operating Declines Lead Lockheed Martin’s First Quarter Earnings Down

Lockheed Martin's F-35 fighter helped drive higher sales in the second quarter. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday posted lower net income on due to severance charges and lower operating profits at several of its segments despite higher sales.Net income fell 10 percent to $794 million, $2.58 earnings per share (EPS), from $878 million ($2.74 EPS) a year ago, missing consensus estimates by a penny per share. Sales increased 16 percent to $11.7 billion from $10.1 billion a year ago.Most of the decline in earnings, $64 million (21 cents EPS), is due to…

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

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 […]