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Sale of Business Unit Propels Lockheed Martin’s Fourth Quarter Earnings

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By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a strong increase in its fourth quarter net income due solely to a gain from the sale of a former business unit. Excluding the benefit from the sale of the Enterprise Integration Group, earnings from continuing operations dipped a percent to $829 million, $2.30 earnings per share (EPS) versus $829 million ($2.19 EPS) a year ago, due to a one-time $27 million (8 cents EPS) after-tax charge related to a previously announced…

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