- Lockheed Martin shares lost 6% of value since reporting while broader market remained flat.
- Sales declined driven by the pandemic and supply chain challenges.
- Given the current reality of complex companies such as Lockheed Martin, results did not disappoint, but the lack of guidance lift might have.
- The situation in Ukraine will be impactful for Lockheed's business but quantifying this impact is impossible at this stage.
- Lockheed Martin warns of $500 million Q2 2022 headwind from F-35 negotiations.
For further details see:
Lockheed Martin Declines, War Still Looms Large