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Lockheed Martin Posts Strong Fourth Quarter, Plans Large Boost In Internal Investment

Cal Biesecker By
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Lockheed Martin Posts Strong Fourth Quarter, Plans Large Boost In Internal Investment
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Lockheed Martin [LMT] on Thursday reported strong earnings and sales results in its fourth quarter with the bottom-line benefitting from the absence of huge charges a year ago on classified programs. Net income increased nearly 150 percent to $1.3 billion, $5.80 earnings per share, from $527 million ($2.22 EPS), beating consensus estimates by a nickel. A year ago, earnings suffered from $1.3 billion ($5.45 EPS) in losses on two classified programs, one in the Missiles and Fire Control (MFC) segment…

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