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Lockheed Martin Delivers Strong Third Quarter, Raises Earnings Guidance

Cal Biesecker By
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Lockheed Martin Delivers Strong Third Quarter, Raises Earnings Guidance
Lockheed Martin's F-35 Lightning II at the 2018 Paris Air Show. Photo: Lockheed Martin

Higher operating profits combined with lower taxes and pension expenses lifted Lockheed Martin [LMT] to a strong third quarter and the company once again increased its outlook for earnings this year.The defense contractor on Tuesday posted a 53 percent boost in net income to nearly $1.5 billion, $5.14 earnings per share (EPS), from $963 million ($3.32 EPS) a year ago, smashing consensus estimates by 87 cents per share. Sales increased 16 percent to $14.3 billion from $12.3 billion.All four of…

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