:

Business/Financial

Lockheed Martin Delivers Strong Third Quarter, Raises Earnings Guidance

By Cal Biesecker

Tuesday, October 23rd, 2018

SHARE:

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…

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]