Lockheed Martin misses profit estimates but earnings rise
Shares dip after Lockheed says pandemic hit F-35 deliveries
26 January 2021 - 23:43
Bengaluru — Lockheed Martin on Tuesday missed profit estimates for the first time in the past eight quarters as the Covid-19 pandemic disrupted deliveries of the US weapons maker's F-35 jets and caused supplier delays.
Shares of the company were down about 2.3% after it said fourth-quarter deliveries of its F-35 jets fell to 42 from 51 a year earlier...
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