Lockheed Martin: Winning prices in three programs would have generated $5B loss

By Marjorie Censer / October 24, 2018 at 4:24 PM
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, according to the contractor's chief executive. Speaking to analysts Oct. 23, 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...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.