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flag Lockheed Martin reports a $1.6 billion loss in Q2, citing classified program issues and cost overruns.

flag Lockheed Martin reported a significant 79% drop in second-quarter profit, resulting in a $1.6 billion pre-tax loss, primarily due to issues in a classified program and cost overruns. flag The company also lowered its 2025 profit forecast by $1.5 billion. flag Despite these financial hits, an adjusted profit of $7.29 per share exceeded expectations. flag The company's shares fell 7.9% in premarket trading.

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