Apr 7, 2021 SOURCE: © CTO Data Services Co.
LOCKHEED ADDS $2.4bn OF OUTSTANDING OFFSETS IN 2020, DROPS $100m IN PENALTY LIABILITIES
Lockheed Martin ended 2020 with outstanding offset agreements worth about $17.5bn. The offsets are largely in the company’s business segments of Aeronautics; Missiles and Fire Control; and Rotary and Mission Systems. Most of the obligations extend through 2049. The company is also liable for about $1.8bn in offset penalties should...
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