Lockheed Martin LMT] recently reported a mixed bag of second quarter financial results, with earnings falling as expected due to higher pension expenses despite an increase in sales. The company's operating profits, that is income before the impact of the pension expense, also fell on declines at the Information Systems and Global Services (IS&GS), Space Systems and Electronic Systems segments. On the other hand, the Aeronautics segment, which develops and produces fighter and transport aircraft, posted strong profit gains. Net…
Pension Costs Hit Lockheed Martin’s Earnings But Still Top Expectations
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