Lockheed CFO says coronavirus adjustments may be negotiated at 'macro level'

By Marjorie Censer / June 2, 2020 at 3:24 PM
The chief financial officer of Lockheed Martin said today the company is "exploring" whether it makes sense to adjust for the cost effects of the coronavirus outbreak at a "corporate macro level," rather than altering each program. Speaking at a virtual conference hosted by UBS, Ken Possenriede said the company is still working with its customers to assess the cost impacts. He told attendees Lockheed is looking into whether it could provide a cost impact figure for the entire company...

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