The net profit of the American defense group Lockheed Martin tumbled in the second quarter, weighed down by exceptional charges of around 1.7 billion dollars (approximately 1.36 billion francs).
Over one year, it fell by almost 80%to US $ 342 million against 1.6 billion in the same quarter last year.
The consensus of FactSet analysts expected a net profit of $ 1.53 billion.
Reported by Action, reference for markets, it appears at 1.46 dollars, well below the $ 6.52 estimated by analysts.
The Bethesda group (Maryland) recognized that its operating profit was undermined by exceptional elements of around 1.7 billion dollars as part of its programs, according to a statement released on Tuesday.
Lockheed has identified “new developments that have led us to reassess the financial situation of a series of major programs inherited from the past,” said the group in its press release.
“Consequently, we take a certain number of measures this quarter to deal with these newly identified risks,” continues the company.
The group has notably experienced “problems” concerning aeronautical contracts classified secrets, he said.
The charges also come from helicopter sales contracts in Canada (CMHP) and Turkey (TUHP).
Over the past three months of the year, the group’s turnover reached $ 18.15 billion, compared to 18.12 billion last year, but below the 18.57 billion expected by the consensus of Factst analysts.
Lockheed Martin revised down part of his forecasts for the current exercise.
The group now provides for a profit per share of $ 21.7 to 22, compared to 27 to 27.30 dollars in the first quarter. In 2024, he established $ 22.31.
Annual turnover forecasts are unchanged from the first quarter: around 73.75 to 74.75 billion dollars.
In electronic exchanges before opening the New York Stock Exchange, around 12:10 pm GMT, the Lockheed Martin share fell 6.92% to 428.68 dollars.
This article was published automatically. Sources: ATS / AWP / AFP