Lockheed Martin’s Record Contract Overshadowed by Program Losses

A landmark $9.8 billion contract for Patriot missiles should have been a moment of triumph for Lockheed Martin. Instead, the defense giant finds itself grappling with billions in losses from troubled programs. While its order books overflow with new defense agreements, a sharp decline in profitability has created a significant challenge for the Maryland-based engineering firm.

Lockheed Martin’s second quarter 2025 results revealed substantial pressures despite strong revenues of $18.2 billion. The company recorded significant pre-tax losses totaling $1.6 billion, primarily driven by execution issues within several major programs. Additional charges of $169 million further reduced earnings per share by $5.83.

The quarter concluded with a net profit of just $342 million, translating to $1.46 per share. These financial setbacks were concentrated in the aeronautics division,... Read more...