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Business/Financial

Lockheed Martin Powers To Strong Second Quarter On Aeronautics, Space

By Cal Biesecker

Tuesday, July 18th, 2023

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Lockheed Martin Powers To Strong Second Quarter On Aeronautics, Space

James Taiclet, chairman, president and CEO of Lockheed Martin. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday posted strong second quarter results driven by strong top and bottom-line gains in its Aeronautics and Space segments and the absence of a pension-related charge that gouged its earnings a year ago. Net income more than quadrupled to $1.7 billion, $6.63 earnings per share (EPS), from $309 million ($1.16 EPS) a year ago, topping consensus estimates by 18 cents per share. The improved bottom-line results were due mainly to the absence of pension settlement charges,…

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