Lockheed Martin, Weak Fiscal Q2
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Lockheed Martin faces program losses impacting Q2 earnings, yet long-term prospects remain strong with a solid backlog. See here for more on LMT stock.
The defense industry is generally well-positioned for expected spending and budget increases, which will compound what was already a steady and strong global business. The caveat is that
Results: The defence equipment maker's net profit tanked 80%, while revenue dropped to $18.16 billion, compared with an average expectation of $18.57 billion.