{"id":30751,"date":"2025-07-23T08:05:14","date_gmt":"2025-07-23T08:05:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/30751\/"},"modified":"2025-07-23T08:05:14","modified_gmt":"2025-07-23T08:05:14","slug":"lockheed-martin-shares-plunge-after-1-6b-classified-charge-crushes-profit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/30751\/","title":{"rendered":"Lockheed Martin Shares Plunge After $1.6B Classified Charge Crushes Profit"},"content":{"rendered":"\n<p class=\"yf-1090901\">July 22 &#8211; Lockheed Martin (<a class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/LMT\" data-ylk=\"slk:NYSE:LMT;elm:context_link;itc:0;sec:content-canvas\" rel=\"nofollow noopener\" target=\"_blank\">NYSE:LMT<\/a>) shares fell more than <a href=\"https:\/\/www.google.com\/search?q=lmt+stock&amp;rlz=1C1UEAD_enPK1150PK1150&amp;oq=lmt&amp;gs_lcrp=EgZjaHJvbWUqDggAEEUYJxg7GIAEGIoFMg4IABBFGCcYOxiABBiKBTITCAEQLhiDARjHARixAxjRAxiABDIHCAIQABiABDIHCAMQABiABDIHCAQQABiABDIHCAUQABiABDIHCAYQABiABDIGCAcQRRg80gEIMTc4NmowajeoAgiwAgHxBWrJ6wWQg_XP&amp;sourceid=chrome&amp;ie=UTF-8\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:6%;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">6%<\/a> Tuesday after the defense contractor reported an 80% plunge in second-quarter profit. This profit <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/lockheed-martin-second-quarter-profit-plummets-16-billion-charge-2025-07-22\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:decline;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">decline <\/a>was due to the $1.6 billion pretax charge tied to a classified Aeronautics program.<\/p>\n<p class=\"yf-1090901\">Net income dropped to $342 million, or $1.46 per share, compared with $1.64 billion, or $6.85 per share, a year earlier. The company also cut its 2025 operating profit outlook by $1.5 billion to $6.65 billion.<\/p>\n<p class=\"yf-1090901\">The charge included $950 million related to the undisclosed program and $570 million connected to issues with Canada&#8217;s CH-148 Cyclone helicopter deal. Lockheed said it is in discussions with the Canadian government to amend contract terms.<\/p>\n<p class=\"yf-1090901\">Adjusted earnings came in at $7.29 per share, topping analysts&#8217; average estimate of $6.44, according to LSEG. However, revenue missed forecasts, coming in at $18.16 billion versus the $18.57 billion consensus.<\/p>\n<p class=\"yf-1090901\">Lockheed mentioned elevated expenses on fixed-price contracts, numerous entered into prior to the post-pandemic rise in labour and materials costs. The company added inflation and a persistent lack of supply chain availability is straining long-term defense systems.<\/p>\n<p class=\"yf-1090901\">This article first appeared on <a href=\"https:\/\/www.gurufocus.com\/news\/2994488\/lockheed-martin-shares-plunge-after-16b-classified-charge-crushes-profit?r=caf6fe0e0db70d936033da5461e60141\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:GuruFocus;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GuruFocus<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"July 22 &#8211; Lockheed Martin (NYSE:LMT) shares fell more than 6% Tuesday after the defense contractor reported an&hellip;\n","protected":false},"author":2,"featured_media":30752,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,25847,24832,24831,25846],"class_list":{"0":"post-30751","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-contract-terms","10":"tag-defense-contractor","11":"tag-lockheed-martin","12":"tag-operating-profit"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/30751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=30751"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/30751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/30752"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=30751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=30751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=30751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}