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Lockheed Martin Ends Strong 2019 On High Note

Cal Biesecker By
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Lockheed Martin Ends Strong 2019 On High Note
Lockheed Martin's F-35 program continues to be a growth driver for the company. Photo: Lockheed Martin

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…

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