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...
