Lockheed Martin projects potential $1 billion loss on classified program


by Breaking Defense

Breaking Defense— Lockheed CFO Jay Malave said the company currently expects the program to become profitable on an annual basis around the 2028 timeframe.

The Cerbat Gem—Lockheed Martin (NYSE:LMT) Shares Down 1.1%. Lockheed Martin Co. (NYSE:LMT – Get Free Report) shares traded down 1.1% during trading on Friday . The stock traded as low as $457.17 and last traded at $457.91. 189,114 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,144,412 shares. The stock had previously closed at $463.20. […]

ETtech.com—Swiggy secures shareholder nod for a potential $1.2 billion IPO. Bengaluru-based Swiggy has received a go-ahead from its shareholders for its initial public offering (IPO), as per regulatory filings. The food and grocery delivery company plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million), according to filings made with the Registrar of Companies.Swiggy, which is yet to file its IPO documents with the country’s capital markets regulator Securities and...

KTVZ—Harris Health Systems Breaking Ground On $1 Billion New Hospital Project. By Jo-Carolyn Goode Click here for updates on this story     April 30, 2024 (Houston Style Magazine) — Harris Health System, a cornerstone of healthcare in Houston, is set to dramatically expand its services with the groundbreaking of a new $1 billion hospital project on May 9th. This state-of-the-art facility, poised to enhance the northeast Houston