Lockheed Martin Corp (LMT)

[bubka]

This is the company’s statement about the one time $225M charge. Curiously, it was made by the soon to exit CFO.

QUOTE:
“Our segment operating profit was impacted this quarter by a one-time charge associated with a classified program in our Aeronautics business area. While the classified nature of this program precludes us from discussing this matter in depth, we can say that our customer is highly attracted to the capabilities that we’re developing on their behalf that we're committed to delivering these capabilities and that the long-term potential of this solution is significant for the company.”

Lockheed doesn’t spend $225M on a development program without plenty of confidence that they will recoup these losses many times over. Hard to say what this is but I’m thinking autonomous drones.