The F-35 Lockheed Martin manufacturer sees that his profits are melted at 80% due to “secret secrets” programs

The net profit of the American Defense Group Lockheed Martin fell into the second quarter, heavy for exceptional charges of around 1.7 billion dollars. More than a year, it fell almost 80%to US $ 342 million against 1,600 million in the same quarter last year.

The manufacturer, among other things, of F-35 combat aircraft, acknowledged that its operational benefit was undermined by exceptional elements of around 1.7 billion dollars as part of its programs, according to a statement published on Tuesday.

The defense sector in question

The group has experienced “problems” with respect to the classified aeronautical contracts of secrets, generating a loss of $ 950 million.

“The losses in this classified program are important” and “taken seriously,” recognized Lockheed Martin Chief James Taiot, during a call with investors on Tuesday

Companies in the defense sector face the growing costs of costs, inflation and interruption of the supply chain, resulting in an increase in long -term expenses of long -term programs whose price was established several years ago.

Many of these contracts, often at a fixed price, have negotiated before the Rambmé after the pandemic of labor costs, materials and components, which forced companies such as Lockheed Martin to absorb the dependencies.

In addition to the load of $ 950 million in the classified program, Lockheed suffered a loss of $ 570 million in his work for the Canadian government with respect to the acquisition of its maritime cyclone of CH-148 helicopter.

In the last three months of the year, the group’s turnover reached $ 18.15 billion, compared to 18.12 billion last year, but below 18.57 billion expected by the consensus of FACTST analysts.

Rare land exploitation

Lockheed Martin reviewed part of his forecasts for the current exercise.

Annual billing forecasts have not changed from the first quarter: around 73.75 to 74.75 billion dollars.

The group declared during the call to investors to wait “fiscal advantages” thanks to the “big and beautiful law” of Donald Trump, promulgated in early July.

The Chief of the Group also welcomed the support of the US administration in the mining activities of the company’s seabed.

“This association (…) will guarantee the rare land supply necessary for F-35”, a unique military plane built by the group, as well as “cruise missiles,” he said.