Lockheed Martin could see loss on production contract for classified program, CFO says

By Shelley K. Mesch / February 16, 2023 at 12:20 PM
Lockheed Martin could see a loss on one of its contracts for a classified program in its Missiles and Fire Control section as the effort goes into production, Chief Financial Officer Jay Malave said Thursday at the Cowen Aerospace/Defense and Industrial Conference. The MFC section is expecting a declining margin in 2023 compared to 2022 -- down to 13.7% from 14.5% -- Malave said, due primarily to this classified contract. He added the margins could step down another 50 to...

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