Lockheed Martin Boosts 2020 Guidance - News Summed Up

Lockheed Martin Boosts 2020 Guidance


Lockheed Martin Corp. said rising Covid-19 cases are affecting production of its combat jets and missiles in Texas and Florida, impacting an industry that had mostly dodged the financial fallout from the pandemic. The world’s biggest defense company by sales on Tuesday cut its expected deliveries of F-35 aircraft produced in Fort Worth, Texas, by 15% for this year. It also flagged delays in shipments of Hellfire missiles made in Orlando, Fla., because of supply-chain issues as more workers tested positive and others were...


Source: Wall Street Journal July 21, 2020 13:03 UTC



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