Page 2 - Jay Malave News Today

Multiple defense firms are slamming fixed-price contracts as bad deals, and warning they might walk away from such competitions.

Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday. The reductions will impact positions across all of its business and enterprise operations, the spokesperson said in a statement to Reuters, adding that the cost-cutting actions will include hiring freezes and voluntary separations. "We're driving cost reduction in our direct cost base through supply chain optimization, factory pro...

Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday. The reductions will impact...

Lockheed Martin Corporation (NYSE:LMT) Q4 2023 Earnings Call Transcript January 23, 2024 Lockheed Martin Corporation beats earnings expectations. Reported EPS is $7.88, expectations were $7.26. Lockheed Martin Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and welcome everyone […]

When Lockheed Martin and Northrop Grumman reported 2023 results this week, both companies' space businesses were top in sales growth by a long shot.

Multiple defense firms are slamming fixed-price contracts as bad deals, and warning they might walk away from such competitions.

If the F-35 upgrades known as Technology Refresh 3 aren't ready for deliveries to resume in the third quarter, Lockheed said it may slow down production.

LMT earnings call for the period ending December 31, 2023.

As many as 120 F-35s could be "undelivered" in 2024 as a result of delays with the stealth fighter's Technology Refresh 3 (TR-3) upgrade, according to Lockheed Martin Chief Financial Officer Jay Malave, who broke the news in an earnings call with investors.

If the F-35 upgrades known as Technology Refresh 3 aren't ready for deliveries to resume in the third quarter, Lockheed said it may slow down production.