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Tax Provision Sends Lockheed Martin To Fourth Quarter Loss, But Benefits Coming And Operating Results Strong

Cal Biesecker By
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Tax Provision Sends Lockheed Martin To Fourth Quarter Loss, But Benefits Coming And Operating Results Strong
Lockheed Martin Chairman, President and CEO Marillyn Hewson

Lockheed Martin [LMT] on Monday posted a loss in the fourth quarter due to a one-time negative tax impact but overall the company’s operating results were strong and earnings, after adjusting for the tax charge, easily beat analysts’ expectations.The tax provision is related to tax reform legislation signed into law last December that companies say will result in more cash available beginning in 2018 to invest in their businesses and employees. For Lockheed Martin, the charge cleaved $1.9 billion, $6.80…

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