Lockheed Martin [LMT] recently reported strong fourth quarter net income driven by some of its space, and information and services businesses despite no sales growth. Still, the earnings trounced Wall Street's expectations. Net income increased 10 percent to $799 million, $1.89 earnings per share (EPS), compared to $729 million ($1.68 EPS), beating consensus estimates by 20 cents EPS. As expected, sales remained flat at $10.8 billion. Free cash flow was negative $40 million. Less than a month into its new…
Space, Information and Mission Systems Boost Lockheed Martin’s Earnings
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