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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.
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 [...]
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