Lockheed Martin ($LMT@US) reduced its 2021 revenue expectations on Tuesday by 2.5%. The firm’s new outlook calls for $67 billion in revenue and reminds investors that revenue might fall to $66 billion in 2022. Lockheed executives are blaming the COVID-19 pandemic and supply chain worries for the reduction in its forecast. The company also adjusted its 5-year business plan, reducing its expected operating profit for the next few years. Lockheed shares were down 7.7% as the news broke.
