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Lockheed Martin Opens 2018 With Strong Financial Results

Cal Biesecker By
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Lockheed Martin Opens 2018 With Strong Financial Results
Lockheed Martin Chairman, President and CEO Marillyn Hewson

Lockheed Martin [LMT] on Tuesday posted strong financial results in its first quarter buoyed by operating performance, a lower tax rate and a pension tailwind, and the company raised the outlook for its top and bottom lines in 2018.Net income soared 47 percent to $1.2 billion, $4.02 earnings per share (EPS), from $789 million ($2.69 EPS) a year ago, with per share estimates soundly beating consensus estimates by 60 cents. Sales were up nearly 4 percent to $11.6 billion from…

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