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Lockheed Martin Punctuates Strong Year With Strong Fourth Quarter

By Cal Biesecker

Tuesday, January 26th, 2021

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Lockheed Martin Punctuates Strong Year With Strong Fourth Quarter

Lockheed Martin's F-16 fighter contributed to sales and earnings gains in the fourth quarter. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday posted strong fourth quarter financial results driven by top and bottom-line gains across its operating segments, topping a banner year for the nation’s largest defense company. Net income in the quarter soared 20 percent to $1.8 billion, $6.38 earnings per share (EPS), from $1.5 billion ($5.29 EPS) a year ago, two pennies shy of consensus expectations. Operating margins at the business segment level were 11 percent, up 70 basis points from a year ago. Sales…

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