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Lockheed Martin Soars In First Quarter Of 2019

Cal Biesecker By
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Lockheed Martin Soars In First Quarter Of 2019
F-35 fighter. L3Harris says its F-35 Technology Refresh 3 Integrated Core Processor began safety-of-flight testing in the first quarter of 2022 and is expected to be fully qualified later this year. Photo: Lockheed Martin

Lockheed Martin [LMT] blew open the door in its first quarter financials with a strong showing across all of its operating segments and the company increased its guidance for earnings, sales and cash this year. Net income jumped a whopping 42 percent to $1.7 billion, $5.99 earnings per share (EPS), from $1.2 billion ($4.02 EPS) a year ago, smashing consensus estimates of $4.34 EPS. Strong gains in operating income at the segment level combined with a pension tailwind, lower taxes,…

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