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Lockheed second quarter profit misses even as space business boosts sales

Lockheed second quarter profit misses even as space business boosts sales

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U.S. weapons maker Lockheed Martin Corp said on Monday its space business boosted revenues in the latest quarter, but a classified aeronautics development program caused the company to miss analysts’ profit estimate.Lockheed’s second quarter earnings report comes a year after the global pandemic first hit the defense industry and its supply chain, causing shutdowns, shortages and months of delays.

...read full article on Reuters

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