Lockheed Martin Trades Lower As Leidos Deal Underwhelms

The largest defense contractor in the world saw its share price drop roughly 3% on Aug. 16 after Lockheed Martin announced a lower final deal value for a business unit spinoff to information technology (IT) company Leidos. A few hours before regular trading was set to close in New York, Lockheed...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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