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Lockheed Martin Finishes 2021 With Strong Fourth Quarter

Cal Biesecker By
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Lockheed Martin Finishes 2021 With Strong Fourth Quarter
James Taiclet, chairman, president and CEO of Lockheed Martin. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday reported strong fourth quarter financial results, ending a challenging 2021 on a high note, although the company continues to project a drop in sales in 2022. Net income in the quarter rose 14 percent to $2 billion, $7.47 earnings per share (EPS), versus $1.8 billion ($6.38 EPS) a year ago, results that cruised well above consensus estimates of $7.15 per share. Sales increased 4 percent to $17.7 billion from $17 billion a year ago. Overall,…

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