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Lockheed Martin Continues Momentum With Strong Third Quarter

Cal Biesecker By
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Lockheed Martin Continues Momentum With Strong Third Quarter
Lockheed Martin F-35C . The company delivered 31 F-35s in the third quarter of 2020. (U.S. Navy Photo)

Driven by strong operating results across most of its segments, Lockheed Martin [LMT] on Tuesday delivered higher sales and earnings in its third quarter and raised its top and bottom-line guidance for 2020. The company also provided financial trend lines for 2021 with sales moderating to low single digit growth, operating cash expected to increase slightly and operating margins to remain strong. Net income in the quarter rose 6 percent to $1.7 billion, $6.05 earnings per share (EPS), from $1.6…

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