Segment revenues fell 5% year over year with the company saying F-35 jets face delivery delays amid heightened demand. Estimates called for a 3.8% decline...
An F-35 fighter jet is moved on the assembly line at the Lockheed Martin facility in Fort Worth. Lockheed Martin reported a miss Tuesday in its aeronautics revenue segment for the third quarter.
Segment revenues fell 5% year over year with the company saying F-35 jets face delivery delays amid heightened demand. Estimates called for a 3.8% decline year over year in aeronautics revenue as quality issues arise for the F-35s following an increase in production.“Parts shortages continue to cause production inefficiencies,” the Pentagon’s contracts management agency told Bloomberg.
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