Lockheed Tumbles Most In Months After Slashing Outlook On $1.6 Billion Hit Shares of Lockheed Martin fell the most in months on Tuesday, pressuring industry peers, after the defense giant reported second-quarter earnings that missed the Bloomberg consensus. The company also slashed its full-year outlook after taking charges on a classified program tied to its aeronautics business segment and international helicopter programs at its Sikorsky business unit. Lockheed reported a major miss, with operating profit plunging 65% to $748 million (vs. an estimated $2.15 billion) and revenue falling short at $18.16 billion. Shares slumped 9% by midday – the since the start of… — Continue at ZeroHedge News : Read More
