Lockheed Martin trims sales outlook as coronavirus hits supply chain [Reuters]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Reuters
Lockheed Martin trims sales outlook as coronavirus hits supply chain (Reuters) - Lockheed Martin ( LMT.N ) said on Tuesday the spread of coronavirus has delayed shipments of vital supplies to its numerous businesses and will likely hurt its sales this year. The Pentagon’s top weapons dealer reported quarterly results and said COVID-19 was hurting production in its biggest unit, its aeronautics division that makes the F-35 fighter jet. Still, the defense contractor reported a better-than-expected quarterly profit even as it was forced to trim its sales outlook. Quarterly sales in its aeronautics unit rose 14%to $6.4 billion. The U.S. defense sector is expected to see much less COVID-19 disruption due to generally stable cash flows compared with industrial markets, according to analysts. Early on in the pandemic the defense industry was deemed essential, giving those workers an avenue to continue production. Lockheed’s earnings announcement disclosed that while earnings for the first
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LMT
Earnings
- 10/21/25 - Beat
LMT
Sec Filings
- 10/28/25 - Form 4
- 10/27/25 - Form 4
- 10/23/25 - Form 144
- LMT's page on the SEC website