Pentagon's Top Tester to Abstain From Assessing Lockheed Weapons [BNN Bloomberg (Canada)]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: BNN Bloomberg
Lockheed Martin Corp., in a case that may only add to scrutiny of the revolving door between the military and its suppliers. Douglas Schmidt was sworn in April 8 as director of Operational Test and Evaluation, the office that provides often tough appraisals of weapons including Lockheed's F-35, the Defense Department's costliest system. Those evaluations of whether multibillion-dollar programs will be effective in combat — and how costly they will be to maintain — often affect the amount and timing of funding. Schmidt wasn't on the payroll of a major defense contractor, an entry on a resume that usually typifies the revolving door. But he was retained in 2022 as an expert witness by a law firm representing Lockheed's Sikorsky Aircraft unit. Previous work for top contractors have led to recusals for past and current Defense Department officials, including Defense Secretary Lloyd Austin and Air Force Secretary Frank Kendall. Schmidt disclosed his recusal on the last page of a writ
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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