Lockheed Martin misses profit estimates on lower F-35 deliveries


Lockheed Martin Corp reported quarterly profit below estimates on Tuesday, hurt by lower F-35 deliveries as an economic slowdown brought about by the Covid-19 pandemic dented demand for the US weapons maker's products.   Shares of the company fell 1.2% in premarket trading, after the company said fourth-quarter deliveries of its F-35 jets fell 17.

6% from 51 jets a year earlier.   The company said it now expects 2021 revenue between $67.10 billion to $68.50 billion, in line with analysts' expectation of revenue.....

This article is no longer available in our repository.

There could be multiple reasons for this.