Lockheed Announces $100 Million Charge On Classified Missile

AIM-260

Credit: U.S. Marine Corps
Lockheed Martin has announced a $100 million reach forward loss on an early production lot of a classified missile program with a fixed-price contract, and executives warned that overall charges could exceed $1 billion. The announcement in Lockheed’s first-quarter financial results is likely the...
Steve Trimble

Steve covers military aviation, missiles and space for the Aviation Week Network, based in Washington DC.

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