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Air Force

Lockheed Martin Boosts Operating Profits, Sales In Second Quarter

Defense Daily Staff Defense Daily Staff
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Lockheed Martin [LMT] yesterday posted a gain in its earnings from continuing operations in the second quarter due to higher profits in each of its operating segments while sales increased due to growth at the Aeronautics and Electronic Systems segments. Net income was actually down 10 percent to $742 million, $2.14 earnings per share (EPS) from $824 million ($2.22 EPS) a year ago when the company earned $110 million from business units it no longer owns. Excluding the discontinued operations,…

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