F-35 Travails Weigh On Lockheed Martin In Third Quarter

Lockheed Martin’s sales contracted in the third quarter as F-35-related negotiations with the Pentagon dragged on.

Credit: U.S. Air Force Photo / Alamy Stock Photo
Lockheed Martin’s revenue contracted in the third quarter as the aerospace and defense giant grappled with delayed contractual authorization and funding from the Pentagon for the F-35 Lightning II fighter aircraft. Though Lockheed managed earnings of per share of $6.80, beating Wall Street’s...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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