Lockheed Reduces Outlook

Lockheed Reduces Outlook

Lockheed Martin ($LMT@US) reduced its 2021 revenue expectations on Tuesday by 2.5. The firm’s new outlook calls for $67 billion in revenue and reminds investors that revenue might fall to $66 billion in 2022. Lockheed executives are blaming the COVID-19 pandemic and supply chain worries for the reduction in its forecast. The company also adjusted its 5-year business plan, reducing its expected operating profit for the next few years. Lockheed shares were down 7.7 as the news broke.


User: Benzinga

Views: 88

Uploaded: 2021-10-26

Duration: 00:35

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