Lockheed Martin’s second quarter was marked by program-related losses and operational challenges that led to a significant shortfall versus Wall Street’s expectations. Management attributed these results primarily to $1.8 billion in charges across several legacy programs, including classified aeronautics and helicopter contracts. CEO James Taiclet described the financial impact as “disconcerting,” noting that unexpected cost growth on long-term contracts required a comprehensive reassessment of program assumptions and management oversight. These actions reflect Lockheed Martin’s effort to address technical and contractual challenges while maintaining a focus on supporting key defense priorities.
Baker Hughes is evolving beyond oil, and its energy tech and AI tools may quietly position it to benefit from rising drone and defense infrastructure spending
Leading defense contractor, L3Harris Technologies Inc. (NYSE: LHX) says that it is fully prepared to deliver on the requirements of President Donald Trump's "Golden Dome" missile defense initiative.
Lockheed Martin faces Wall Street pressure after mixed Q2 results and $1.6B in charges. Goldman Sachs analyst reiterates Sell rating and lowers price forecast. Other analysts also cautious. Margins hit by legacy program charges. IRS dispute and talks over Golden Dome missile shield.
Defense giant Lockheed Martin Corp. has confirmed that the company is in discussions with the U.S. government about the architecture of President Donald Trump's proposed "Golden Dome" missile defense system.
