Lockheed Reports $225 Million Charge On Classified Program

Credit: Lockheed Martin
A classified program with “significant” long-term potential caused a $225 million charge due to cost overages above the contract value, Lockheed Martin announced as part of its second-quarter earnings on July 26. The charge arose during a government-led review of the classified program in May, Ken...

Subscription Required

 

Lockheed Reports $225 Million Charge On Classified Program is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.

Not a member?  Learn how you can access the market intelligence and data you need to stay abreast of what's happening in the aerospace and defense community.