Lockheed Delays Profit as Program Costs Grow
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From Bloomberg News
Lockheed Martin Corp. agreed to a deferment of its 2004 and 2005 profit for managing development of an early-warning satellite system after the program’s cost jumped $1.2 billion, more than 27%, the Air Force said.
Shares of Lockheed fell 21 cents to $54.26 on the NYSE.
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