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.
Raytheon (NYSE:RTX) and Lockheed Martin (NYSE:LMT) are scheduled to announce their Q4 earnings results on Tuesday, January 28th, before market open. The commercial aerospace market is looking generally positive for the final the quarter and the year ahead,
The pilot of the F-35 was able to safely eject, according to the USAF, and can be seen descending toward the ground under an orange-and-white parachute. The F-35 appears to fall within only a few aircraft lengths of the drifting aviator before crashing and exploding. Notably, the jet’s landing gear appear deployed in the footage.
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.
The USAF has announced a new $7 billion cash injection into its next-generation adaptive propulsion (NGAP) program.
LMT clinches a contract to install cutting-edge infrared threat detection sensors on the F-22 Raptor Aircraft.
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.
Defense and aerospace majors Boeing (NYSE:BA), Raytheon (NYSE:RTX) and Lockheed Martin (NYSE:LMT) are scheduled to announce their Q4 earnings results on Tuesday, January 28th, before market open.
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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.