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Lockheed Martin 3Q profit falls 28%

Even as the big defense contractor Lockheed Martin was explaining why its third-quarter profit shrank 28 percent, British Prime Minister David Cameron was laying out sweeping defense cuts on Tuesday. They include a smaller order for Lockheed’s new F-35 Joint Strike Fighter, built in Fort Worth, Texas. Continue Reading Lockheed Martin 3Q profit falls 28%

The space wars are heating up. Boeing has found itself competing for the first time to keep its U.S. missile defense work, with Lockheed Martin also vying for a shot at the $10 billion government contract. The Missile Defense Agency, which has a sizeable presence at Schriever Air Force Base, will soon take bids on… Continue Reading Lockheed Martin making a run at Boeing’s missile contract

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