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Lockheed Martin Reports First Quarter 2024 Financial Results

Net sales of $17.2 billionNet earnings of $1.5 billion, or $6.39 per shareCash from operations of $1.6 billion and free cash flow of $1.3 billion$1.8 billion of cash returned to shareholders through. ....

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Lockheed Martin projects potential $1 billion loss on classified program

Lockheed CFO Jay Malave said the company currently expects the program to become profitable on an annual basis around the 2028 timeframe. ....

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US Missile Defense Agency's budget could be cut by $2.6 billion over the next three years

The reduction would impact several acquisition and development programmes, creating capabilities gaps in US missile defence architecture. ....

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$17 Billion Bet on Defense: Lockheed Martin Awarded Contract for Next-Generation Missile Interceptor

Lockheed Martin's $17 billion Next Generation Interceptor contract bolsters US defenses against ever-evolving ballistic missile threats. ....

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Powell, Middle East Fears Weigh On Tech Stocks, Treasury Yields Hit 5%, Gold Notches Fifth Week Of Gains: This Week In The Markets - BlackRock (NYSE:BLK)

The Nasdaq 100’s technology stocks wrapped up their fourth consecutive week in the red, marking their most dismal stretch and sharpest declines since late 2022, as investors opted to pocket profits against a backdrop of mounting concerns over inflation and geopolitical tensions. ....

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