Lockheed Martin Corp. (NYSE:LMT) reported $1.8 billion in charges in the second quarter, led by a classified Aeronautics program and two Rotary and Mission Systems projects, prompting Bank of America Securities (BofA) analyst Ronald J. Epstein to trim his outlook.
The analyst reaffirmed a Neutral rating and lowered his price forecast to $480 from $495, citing ongoing program challenges and limited near-term catalysts.
