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Business/Financial

Lockheed Martin Opens With Solid First Quarter; Trims Sales Guidance But Says Virus Impact Uncertain

By Cal Biesecker

Tuesday, April 21st, 2020

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Lockheed Martin Opens With Solid First Quarter; Trims Sales Guidance But Says Virus Impact Uncertain

Lockheed Martin-built F-35. (Photo: Lockheed Martin)

Lockheed Martin [LMT] on Tuesday reported solid first quarter financial results with strong sales, flat earnings, and strong cash flow, results it said were not impacted by the COVID-19 pandemic. But the outlook for the rest of the year is “uncertain” and is dependent in part on the “duration and spread” of the ongoing pandemic, and the resulting actions by the federal, state, local and international governments, the company said. The pandemic has disrupted supply chains and financial markets, and…

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