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Business/Financial

Lockheed Martin Delivers Strong Second Quarter, Raises Outlook

By Cal Biesecker

Tuesday, July 21st, 2020

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Lockheed Martin Delivers Strong Second Quarter, Raises Outlook

F-35As on the runway before a combat exercise at Hill Air Force Base, Utah in November, 2018. The program helped bolster sales and earnings in Lockheed Martin's second quarter. (Photo: U.S. Air Force)

Lockheed Martin [LMT] on Tuesday posted double-digit percentage gains to its top and bottom lines in the second quarter driven by strong operating results across its business segments and the company raised guidance for sales, earnings and cash for 2020. Lockheed Martin was able to shrug off negative impacts from the ongoing COVID-19 pandemic, which it said impacted each of its business areas and led to higher costs, supplier delivery delays, continued teleworking and altered work schedules, travel restrictions and…

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