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Sikorsky, U.K. Venture Help Lift Lockheed Martin’s Third Quarter Results

Cal Biesecker By
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Sikorsky, U.K. Venture Help Lift Lockheed Martin’s Third Quarter Results
Lockheed Martin Chairman, President and CEO Marillyn Hewson

Lockheed Martin [LMT] on Tuesday posted handsome increases in sales and earnings in its third quarter buoyed by the acquisition this year of Sikorsky Aircraft and the assumption of a majority stake a nuclear deterrent venture in the United Kingdom.Net income more than doubled to $2.4 billion, $7.93 earnings per share (EPS), from $865 million ($2.77 EPS) a year ago, with divestiture of the former information systems segment to Leidos [LDOS] adding $1.2 billion to the bottom line. The results…

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