Billion-Dollar Losses Pile Up For Lockheed Classified Programs

Lockheed Martin
Credit: Piotr Swat/Alamy Stock Photo
Lockheed Martin on Jan. 28 became the third U.S. defense prime contractor to report billion-dollar losses on previously awarded fixed-price development and production contracts in a year. The Bethesda, Maryland-based company reported a $1.3 billion reach-forward loss on a classified program within...
Steve Trimble

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

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