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Lockheed Martin Posts Strong Sales In Second Quarter As Net Income Dips Slightly

Lockheed Martin Posts Strong Sales In Second Quarter As Net Income Dips Slightly
GMLRS Alternative Warhead Firing Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday reported strong sales growth in its second quarter driven by its mission systems, missiles, and aircraft businesses, although net income fell slightly on non-operating costs. Net income dipped 2 percent to $1.6 billion, $6.85 earnings per share (EPS), from $1.7 billion, $6.63 EPS, a year ago, handily topping consensus estimates by 40 cents EPS. Per share earnings were higher due to lower share count. Impairment and severance charges coupled with small investment losses clipped $63…

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