26-Jan-2017 Source: HeliHub.com
Lockheed has had to warn investors of a “material weakness” in their financial accounts for their newly acquired Sikorsky helicopter unit. Apparently the Sikorsky unit has issues regarding their internal controls for their IT systems and appropriate implementation of their procedures. Further details of the problem will be disclosed to security regulators in an annual report, reports The Salt Lake Tribune.
They also have forecasted a profit decrease in 2017, by almost 3.3%. Donald Trump has also pointed out issues over Twitter at the costs of their F-35 fighter jet. After discussions with the President, they have outlined plans to get the production costs down to $85 million per aircraft by 2019.