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Charges Lead To Earnings Slip At Lockheed Martin In First Quarter

Cal Biesecker By
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Charges Lead To Earnings Slip At Lockheed Martin In First Quarter
Lockheed Martin Chairman, President and CEO Marillyn Hewson

Lockheed Martin [LMT] on Tuesday reported a drop in first quarter net income due to troubles with an international program and an international investment although sales increased due to gains in each of its operating segments.Net income fell 15 percent to $763 million, $2.61 earnings per share (EPS), from $898 million ($2.91 EPS) a year ago, missing consensus estimates by 18 cents per share. One reason for the tumble was that earnings from the now divested Information Systems and Global…

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