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Lockheed Martin Swings To Profit In Fourth Quarter

Cal Biesecker By
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Lockheed Martin Swings To Profit In Fourth Quarter
Lockheed Martin Chairman, President and CEO Marillyn Hewson. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday reported solid fourth quarter results as the company swung to a profit on gains in most of its segments and the absence of hefty charges that chopped away at the bottom line a year ago due to the impacts of tax reform. Net income in the quarter was $1.3 billion, $4.39 earnings per share (EPS), versus a loss of $744 million ($2.60 EPS) a year ago due to a $2 billion charge related to tax…

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