U.S. markets were rebounding at midday from yesterday's big tech selloff caused by advances in artificial intelligence by a Chinese startup.
The latest charges raise Lockheed’s historic losses to $1.4 billion on the classified program in M&FC. All losses reported so far on the classified Aeronautics program now add up to $825 million.
Boeing stock is the best Dow Jones stock Tuesday as a positive cash flow outlook offsets a fourth-quarter miss.
Nvidia and Broadcom claw back some losses from Monday’s deep selloff in artificial-intelligence stocks, General Motors posts better-than-expected adjusted earnings, and Boeing reports a fourth-quarter core loss of $5.
Lockheed Martin on Tuesday forecast it will make less profit than expected in 2025, as the top U.S. defense company grapples with the delayed rollout of upgrades to the F-35 fighter jet that are vital to its bottom line.
The USAF has announced a new $7 billion cash injection into its next-generation adaptive propulsion (NGAP) program.
Boeing delivered a total of 25 fighter jets along with tankers, martime patrol aircraft, and military helicopters.
Analyst Kristine Liwag from Morgan Stanley maintained a Hold rating on Lockheed Martin (LMT – Research Report) and decreased the price target
LMT clinches a contract to install cutting-edge infrared threat detection sensors on the F-22 Raptor Aircraft.
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Analyst Gautam Khanna from TD Cowen maintained a Buy rating on Lockheed Martin (LMT – Research Report) and decreased the price target to
Nvidia and Broadcom claw back some losses from Monday’s deep selloff in artificial-intelligence stocks, while Boeing, General Motors, and Lockheed Martin are scheduled to report quarterly earnings Tuesday.