
Lockheed Martin [LMT] on Tuesday reported a strong close to its 2019 fiscal year with double-digit top and bottom line growth and the company expects further gains in 2020. Net income in the fourth quarter jumped 15 percent to $1.5 billion, $5.29 earnings per share (EPS), from $1.3 billion ($4.39 EPS) a year ago, comfortably above consensus estimates by 26 cents a share. Total operating margin climbed 70 basis points to 13.5 percent. Sales in the quarter increased 10 percent…