{"id":53519,"date":"2021-10-26T20:25:52","date_gmt":"2021-10-26T16:25:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=53519"},"modified":"2021-10-26T20:25:56","modified_gmt":"2021-10-26T16:25:56","slug":"lockheed-martin-shares-surge-by-11-4-amid-supply-chain-issues","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/lockheed-martin-shares-surge-by-11-4-amid-supply-chain-issues\/10\/26\/market-updates\/","title":{"rendered":"Lockheed Martin shares surge by 11.4% amid supply chain issues"},"content":{"rendered":"\n<p>Lockheed Martin shares surged by 11.4% Tuesday as the defense equipment manufacturer lowered its 2021 revenue guidance after supply chain issues kept its Q3 figures behind expectations.<br><br>The maker of F-35 fighter jets cut its 2021 revenue expectation by 2.5%, to $67 billion, and said next year&#8217;s revenue could fall to $66 billion.<br><br>Net sales declined by around 3%, to $16.02 billion, and came in below expectations. So did the adjusted profit per share of $2.21.<br><br>Lockheed raised its current-year EPS guidance to $22.45. The board also approved a $5 billion expansion of the company\u2019s share repurchase program and a hike in quarterly dividend rate to $2.80 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lockheed Martin shares surged by 11.4% Tuesday as the defense equipment manufacturer lowered its 2021 revenue guidance after supply chain issues kept its Q3 figures behind expectations.The maker of F-35 fighter jets cut its 2021 revenue expectation by 2.5%, to $67 billion, and said next year&#8217;s revenue could fall to $66 billion.Net sales declined by &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7893,7113,7894,7892,7563,6858],"class_list":["post-53519","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-defense-industry","tag-earnings","tag-f-35","tag-lockheed-martin","tag-supply-chain-difficulties","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=53519"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53519\/revisions"}],"predecessor-version":[{"id":53524,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53519\/revisions\/53524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53523"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=53519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=53519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=53519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}