Ashwini Raj

Lockheed Martin reports rare profit miss as pandemic hits F-35 deliveries

Jan 26 2021

Lockheed Martin Corp on Tuesday missed profit estimates for the first time in the last eight quarters as the COVID-19 pandemic disrupted deliveries of the U.S. weapons maker's F-35 jets and caused supplier delays.

Hilton signals gradual recovery as cost cuts power surprise profit

Nov 04 2020

Hilton Worldwide Holdings Inc said on Wednesday it had seen a gradual improvement in demand from a coronavirus-induced slump after cost cuts helped the U.S. hotel operator post a surprise quarterly profit.

Marriott sees cash burn slowing as bookings recover from coronavirus lows

Aug 10 2020

Marriott International said on Monday it expects cash burn for the year to be slower than previous estimated as bookings slowly recover from the coronavirus lows that pushed the hotel chain to post its first quarterly loss in nearly nine years.

Hilton sees demand rebounding to pre-COVID levels by 2022

Aug 06 2020

Hilton Worldwide Holdings Inc said on Thursday it expects its room occupancy rates to improve by 5% by early fall as economies reopen gradually, and predicted it would take at least two years for demand to rebound to pre-coronavirus levels.

Lockheed Martin trims sales outlook as coronavirus hits supply chain

Apr 21 2020

Lockheed Martin said on Tuesday the spread of coronavirus has delayed shipments of vital supplies to its numerous businesses and will likely hurt its sales this year.

General Dynamics tops profit estimates; submarine order beefs up backlog

Jan 29 2020

General Dynamics on Wednesday reported a 28% jump in its order backlog due to an order for Navy submarines, and quarterly profits that topped Wall Street estimates helped by higher sales in its aerospace unit that makes Gulfstream business jets.

Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries

Jan 28 2020

Lockheed Martin Corp forecast 2020 revenue above analysts' estimates on Tuesday, as the Pentagon's No.1 weapons supplier's late 2019 results benefited from better jet and missile sales and heightened geopolitical tensions in the Middle East.

World News