2023-01-25 01:00:17

Lockheed Martin Predicts a Slow Year Despite Recent Ukraine Deals

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By The Motley Fool

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War is hell, but it's also a business.

Lockheed Martin has seen deals with the US Department of Defense accelerate as Washington sends vast amounts of weapons to Ukraine, but supply chain bottlenecks and labor shortages have caused the military contractor's annual forecast to dip just below Wall Street's expectations.

Still on Top

Lockheed is the world's largest defense company by sales, so even if 2023 looks like a plateau year for the F-35 fighter jet maker, it's still at the top of the game and expects to see growth again in 2024. Lockheed had a better-than-expected fourth quarter of 2022 with $19 billion in sales, about 3% above the company's prediction, but for the whole year, it delivered roughly $66 billion in sales, a small dip compared to $67 billion in 2021.

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Logo Benzinga
Business / FinanceBy Pr Newswire2023-01-24 12:29:00
Net sales of $19.0 billion in the fourth quarter and $66.0 billion in 2022 Net earnings of $1.9 billion, or $7.40 per share, inclusive of non-operational...

Logo The Business Journals
Politics2023-01-24 20:23:47
The Bethesda defense giant said it's still expecting flat revenue this year.

Logo The New York Times
PoliticsBy John Ismay2023-01-24 16:51:23
The Armys top acquisition official says production of the 155-millimeter shells badly needed by Kyiv will rise to 90,000 a month in two years. WASHINGTON The...

Logo Benzinga
Business / FinanceBy Adam Eckert2023-01-24 13:33:13
Lockheed Martin Corp LMT shares are trading higher Tuesday after the company reported fourth-quarterfinancial results that topped average analyst estimates....

Logo Nasdaq
TechnologyBy Zacks2023-01-24 18:49:00
Lockheed Martin (LMT) reported $18.99 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 7.1%. EPS of $7.79...

Logo U.S. News & World Report
PoliticsBy Associated Press2023-01-24 18:04:04
WASHINGTON (AP) In what would be a reversal, the Biden administration is poised to approve sending M1 Abrams tanks to Ukraine, U.S. officials said Tuesday,...

Logo Bloomberg
PoliticsBy Rosalind Mathieson2023-01-24 11:06:16
As Russia’s war in Ukraine grinds on toward the one-year mark, the broader politics of the response by Kyiv’s allies are getting trickier and more complex....

Logo Fortune
Business / FinanceBy Lolita C Baldor2023-01-24 20:52:37
Lawmakers in Congress have also been pushing the U.S. to beef up its aid to Ukraine.

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-24 12:36:05
(RTTNews) - Lockheed Martin Corp. (LMT) announced earnings for fourth quarter that decreased from last year but beat the Street estimates. The company's...

Logo CBS News
PoliticsBy David Martin2023-01-24 20:08:38
The U.S. is now poised to send its top-of-the-line battle tank, the M-1 Abrams, to Ukraine after insisting for months that the tanks were too complex to...

Logo The New York Times
PoliticsBy Helene Cooper2023-01-25 00:05:57
The Biden administration had resisted sending tanks, which Ukraine says it needs, but the move is seen as likely to push Germany to approve the transfer of...

Logo Bloomberg
Politics2023-01-24 07:59:49
German Defense Minister Boris Pistorius said Chancellor Olaf Scholz is talking to allies about sending Leopard 2 battle tanks to Ukraine and a decision to...

Logo The Independent
PoliticsBy Joe Middleton2023-01-24 06:35:13
Boris Johnson has urged western allies to give Ukraine all the help that they need to defeat Russian military forces, just a day after his surprise visit to...

EconomyBy Holly Ellyatt2023-01-24 09:28:13
Key Points Germany has again refused to commit to sending tanks to Ukraine, despite mounting international pressure. Ukraine has long pleaded to receive tank...

Logo CBS News
PoliticsBy Sara Cook2023-01-24 18:11:32
Washington — The Biden administration has raised concerns with the Chinese government about Chinese companies selling non-lethal military aid to Russia for...

Logo Benzinga
PoliticsBy Aaron Bry2023-01-24 22:00:35
Der Spiegel reported Tuesday that Germany will send Leopard 2 tanks to Ukraine to aid the country in its battle against Russia. The tanks would help...

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Business / FinanceBy Trefis2023-01-24 08:24:25
Halliburton stock (NYSE: HAL), an energy company organized into exploration, development, and production of oil and natural gas, is scheduled to report its...

Logo PR Newswire
With the new price cap set on Russian oil in effect, the oil supermajor will integrate Windward's Maritime AI ™ solutions to streamline their due diligence...

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Business / FinanceBy Rtt News2023-01-24 11:00:20
(RTTNews) - Lockheed Martin Corporation (LMT) will host a conference call at 11:00 AM ET on Jan. 24, 2023, to discuss Q4 22 earnings results. To access the...

Logo Bloomberg
TechnologyBy Subrat Patnaik2023-01-24 11:11:26
The expected slowdown at Microsoft Corp.’s cloud-computing business is coming as a disappointment to some investors who had counted on the software giant to...