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Tuesday, October 26, 2021

Lockheed Martin (LMT) reported earnings on Tue 26 Oct 21 (b/o)

  • Missed consensus for Q3 revs. Net earnings included a noncash pension settlement charge of $1.7 bln. Supply chain challenges, moderating growth rates in the US defense budget, and shifts in customer priorities driven by events such as the withdrawal of US forces from Afghanistan were among factors impacting co's sales trajectory. Issued downside guidance for FY21 EPS and revs and for FY22 revs.
 ** charts after earnings **

 




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