Lockheed Martin Facing Headwinds – Investors Punish Profit Forecast Downgrade

Lockheed Martin is experiencing a challenging quarter. While key programs like the F-35 fighter jet continue to perform steadily and face strong international demand, management had to acknowledge significant legacy issues. As a result of a comprehensive program review, losses totaling $1.8 billion were recorded – primarily due to projects that were calculated too rigidly in the past. Consequently, the company substantially lowered its profit forecast: instead of the previously expected approximately $27 per share, it now anticipates only $21.70-22...