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Top related persons:
Lockheed Martin - 2 Jay Malave - 2 Lockheed Martin's - 1 1LMX - 1 CNBC's Michael Sheetz - 1 Northrop Grumman - 1 Northrop - 1 Morgan Brennan - 1
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Maryland China Philippines Russia Ukraine ULA
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Lockheed - 2 Northrop - 1 Vulcan - 1 Boeing - 1

Search resuls for: "Jay Malave"


4 mentions found


☆ Lockheed Martin to cut 1% of its jobs in cost-cutting push
  + stars: | 2024-01-26 | by ( ) www.cnbc.com   time to read: +1 min
Lockheed Martin's Tranche 0 Transport Layer satellites are seen in one of the company's processing facilities. Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday. The cost reductions will aid the company in transforming its operations digitally. "We're driving cost reduction in our direct cost base through supply chain optimization, factory productivity and also on 1LMX-driven efficiencies," Lockheed Martin CFO Jay Malave said in the company's post-earnings conference call on Tuesday. Lockheed on Tuesday forecast its 2024 profit below Wall Street expectations, citing supply chain disruptions in its largest aeronautics segment which makes F-35 jets.
Persons: Lockheed Martin's, Lockheed Martin, Jay Malave, 1LMX Organizations: Lockheed Locations: Maryland, China, Philippines, Russia, Ukraine
☆ Investing in Space: Sector led Lockheed and Northrop growth last year
  + stars: | 2024-01-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +3 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But, when Lockheed Martin and Northrop Grumman both reported 2023 results this week, it was a different story. For both companies, space was the top segment for sales growth in 2023 — by a wide margin. You'd think with such strong results, space would be a highlight of quarterly earnings calls. But for both Lockheed and Northrop, executives and analysts still only mentioned space in passing.
Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman, Northrop, Morgan Brennan, Jay Malave, It's, it's, We've Organizations: Lockheed, Northrop, Vulcan, Boeing Locations: ULA
☆ Lockheed beats estimates on F-35 sales, maintains guidance
  + stars: | 2022-10-18 | by ( Mike Stone | ) www.reuters.com   time to read: +3 min
The company maintained its 2022 revenue guidance of $65.25 billion despite lingering supply chain related headwinds. That, coupled with a fresh $14 billion multi-year share repurchase authorization plan adopted on Monday, means Malave expects earnings per share to increase in 2023. The Bethesda, Maryland-based company posted $6.71 in earnings per diluted share for the quarter, versus analysts' estimates of $6.67, according to Refinitiv data. Compared to the same quarter a year ago sales at aeronautics, which makes the F-35, rose 7.6% to $7.1 billion. And despite recent turbulence between the U.S. and Saudi Arabia over a cut to oil production, Malave said Lockheed had not been asked to alter deliveries to the Kingdom of Saudi Arabia.
☆ Lockheed Martin CFO discusses efforts to meet increased demand for weapons in Ukraine
  + stars: | 2022-10-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLockheed Martin CFO discusses efforts to meet increased demand for weapons in UkraineJay Malave, Lockheed Martin CFO, joins 'Power Lunch' to discuss Q3 results, factors driving the defense market outlook, how the firm is navigating foreign military sales and the demand for the F-35 fighter jet.
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