Lockheed takes ‘significant losses’ on classified aeronautics programme

high-energy-laser-aircraft-render

Source: US Air Force Research Lab

Although Lockheed executives remain bullish on the secretive programme’s long-term prospects, the effort generated $950 million in losses during the recent second quarter, tied to setbacks with design, integration, testing and performance of the classified air vehicle.

Keep reading this article by becoming a FlightGlobal member now

PLEASE REGISTER FOR FREE OR SIGN IN TO CONTINUE READING

FlightGlobal Premium Digital

You have reached your limit of free articles for this period. Register for a FREE account to read this article and benefit from:

  • Increased access to online news and in-depth articles from:
  • FlightGlobal Premium covering the global aviation industry
  • Airline Business providing insight for business leaders
  • Weekly newsletters on topics across the industry

Join now