Top Secret Project Costs Lockheed $225 Million in Q2 Earnings

·4 min read
Top Secret Project Costs Lockheed $225 Million in Q2 Earnings

What's more, the "miss" was caused by the fact that Lockheed recorded a $225 million loss -- about $0.61 per share -- connected to delays in a single "classified" aeronautics program. Here's another thing: Even if you take Q2's "miss" at face value, Lockheed Martin expects to make up its missing penny in short order. Issuing new and improved guidance for the rest of this year, Lockheed predicted it will end 2021 with earnings of $26.70 to $27 per share -- about $0.30 ahead of previous guidance.

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