Company: Lockheed Martin

During Q2 2022, manufacturer Lockheed Martin’s Space Systems division reported: Space segment sales decreased 11% YoY or $352 million, compared to the same period in 2021. Comparatively, the overall company’s sales declined 9.4% (with the Aeronautics division reporting the largest decrease). $425 million of the division’s sales decline can be attributed to the loss of...

During Q1 2022, Lockheed Martin Space Systems reported: $2.6 million in revenue in Q1, down 15% compared to Q1 in 2021. The company said there was about $95 million revenue decrease for commercial civil space programs due to lower volume on the Orion and Human Lander System (HLS) programs. Space segment decreases were partially offset by...