Lockheed’s Loss of UK Atomic Weapons Biz is Biggest Headwind of Year So Far

摘要

Lockheed Martin on this week reported lower sales in its third quarter and reduced its outlook for revenue for 2021 with further declines expected in 2022 before rebounding to growth beginning in 2023. Combined with the depressed sales outlook at least through 2022 and a cut to the forecast for operating cash flow this year, investors sent Lockheed Martin’s shares down $44.43, nearly 12%, to close at $331.90 on Tuesday.