Future US Military Rotorcraft Design Capability At Risk [Forbes]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Forbes
Sikorsky, a Lockheed Martin Company, announced on April 16 that it was cutting its staff by as many as 400 engineers. “As a result of the U.S. Army's recent decision to cancel the Future Attack Reconnaissance Aircraft (FARA) program, we are reducing positions within our Sikorsky business segment,” the company stated. “We intend to retain as many roles as possible to meet national security commitments and preserve the U.S. rotary wing industrial base.” on Feb. 8 after spending more than $2B of taxpayers' money and requiring more than $500M in contractor contributions. Sikorsky and Bell had been planning to fly their competitive prototypes in the coming weeks. The Army launched FARA in March 2018, declaring it an urgent requirement. Bell and Sikorsky were downselected in March 2020 and each hired hundreds of engineers to support the development of these next-generation rotorcraft, meeting the Army's challenging timeline. Engineering Talent Preserving the US rotary wing indust
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- Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems [Reuters]Reuters
- Lockheed Martin Declares Second Quarter 2024 Dividend and Announces Election of Thomas Falk as Independent Lead Director of the Board [Yahoo! Finance]Yahoo! Finance
LMT
Earnings
- 4/23/24 - Beat
LMT
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 4
- 4/23/24 - Form 10-Q
- LMT's page on the SEC website