Lockheed Martin says winning prices in three major programs would have generated $5 billion loss

By Marjorie Censer / October 23, 2018 at 11:40 AM
Had Lockheed Martin matched the winning prices in three major programs it lost in recent months, it would have incurred losses of more than $5 billion, the contractor's chief executive said today. Speaking to analysts, Marillyn Hewson said Lockheed was "disappointed at not being selected for three large competitive bids this quarter." Though she did not identify the programs, they are likely the MQ-25 unmanned tanker, Huey helicopter replacement and T-X trainer contracts, all of which were won by Boeing...

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