Lockheed Reports $225 Million Charge On Classified Program

Steve Trimble July 26, 2021
Credit: Lockheed Martin
A classified program with “significant” long-term potential caused a $225 million charge due to cost overages above the contract value, Lockheed Martin announced as part of its second-quarter earnings on July 26. The charge arose during a government-led review of the classified program in May, Ken...
Steve Trimble

Steve covers military aviation, missiles and space for the Aviation Week Network, based in Washington DC.

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