financetom
Business
financetom
/
Business
/
Lockheed Martin second-quarter profit plummets on $1.6 billion charge
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lockheed Martin second-quarter profit plummets on $1.6 billion charge
Jul 22, 2025 5:13 AM

July 22 (Reuters) - Lockheed Martin ( LMT ) reported on Tuesday

that its second-quarter profit plunged by about 80%, after the

U.S. defense giant recorded pre-tax losses of $1.6 billion,

mainly linked to a classified program within its Aeronautics

segment.

The company's shares fell 8% in premarket trading.

Its net income dropped to $342 million, or $1.46 per share,

compared with $1.64 billion, or $6.85 per share, a year earlier

Lockheed said the charge stemmed from difficulties with

a classified program in its Aeronautics business and to certain

international helicopter programs in its Sikorsky unit.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US mandates new airline refund rules, fee disclosures
US mandates new airline refund rules, fee disclosures
Apr 24, 2024
ARLINGTON, Virginia April 24 (Reuters) - The U.S. Transportation Department finalized new rules Wednesday requiring upfront disclosure of airline fees and mandates quick cash refunds for canceled flights, as well as for delayed baggage or inoperative services like onboard Wi-Fi. The rules, which were nearly three years in the works, will require airlines and ticket agents to tell consumers upfront...
Align Technology Q1 Non-GAAP Earnings, Revenue Rise; Q2 Revenue Guidance, Stock Buyback Set; Shares Rise After Hours
Align Technology Q1 Non-GAAP Earnings, Revenue Rise; Q2 Revenue Guidance, Stock Buyback Set; Shares Rise After Hours
Apr 24, 2024
04:27 PM EDT, 04/24/2024 (MT Newswires) -- Align Technology ( ALGN ) reported Q1 non-GAAP earnings late Wednesday of $2.14 per diluted share, up from $1.82 a year earlier. Analysts polled by Capital IQ expected $1.97. Revenue in the quarter ended March 31 rose to $997.4 million from $943.1 million a year earlier. Analysts surveyed by Capital IQ expected $973.8...
FDIC is looking for potential buyers for Republic First, Bloomberg News reports
FDIC is looking for potential buyers for Republic First, Bloomberg News reports
Apr 24, 2024
April 24 (Reuters) - The Federal Deposit Insurance Corp (FDIC) is looking for potential buyers of Republic First Bancorp ( FRBK ) , Bloomberg News reported on Wednesday, citing people with knowledge of the matter. (Reporting by Pritam Biswas in Bengaluru) ...
Whirlpool to cut 1,000 jobs globally, WSJ reports
Whirlpool to cut 1,000 jobs globally, WSJ reports
Apr 24, 2024
(Reuters) -Home appliance maker Whirlpool Corp ( WHR ) is cutting 1,000 salaried jobs globally, the Wall Street Journal reported on Wednesday. The company aims to trim up to $400 million in costs this year, the report said, citing Chief Financial Officer Jim Peters. Whirlpool did not immediately respond to a Reuters request for comment on the report. The company...
Copyright 2023-2026 - www.financetom.com All Rights Reserved