Risks ‘Contained’ On Future Losses By Secret Lockheed Program

Lockheed Martin Skunk Works
Credit: Lockheed Martin
The risk of financial losses on a classified aeronautics program is “pretty well contained” after a fourth-quarter charge, Lockheed Martin Chief Financial Officer Jay Malave told investors Feb. 13. Lockheed reported an additional $410 million reach-forward loss on the fixed-price, U.S. military...
Steve Trimble

Steve covers military aviation, missiles and space for the Aviation Week Network, based in Washington DC.

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