Key Points - Earnings per share fell sharply to $1.46, missing analyst estimates and reflecting significant program charges.- Revenue stayed flat at $18.2 billion but came in below expectations, while operating profit dropped by 65 % compared to the prior year.

Lockheed Martin Corp.’s stock dropped in early trading Tuesday, after the defense contractor’s profit and revenue fell short of Wall Street estimates as large losses tied to its legacy product portfol...

Investors were ready for some extra expenses, but the magnitude recorded in the quarter will surprise some.