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0 0.0025706940874036 -0.00244215938303339 -0.0025706940874036 -0.0102827763496144 0.000951156812339343 -0.0077120822622108 -0.0211053984575835
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UPDATE 1-Lockheed Martin profit beats, but company trims sales outlook on virus hit [Reuters]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
Company Research Source: Reuters
Lockheed Martin profit beats, but company trims sales outlook on virus hit (Reuters) - Lockheed Martin ( LMT.N ) reported better-than-expected quarterly profit on Tuesday, helped by higher sales in its aeronautics business that makes the F-35 fighter jets, but lowered its 2020 sales outlook due to coronavirus-led supply chain delays. The company said it now expects full-year sales in a range of $62.25 billion to $64.00 billion, down from $62.75 billion to $64.25 billion, forecast previously. Lockheed reaffirmed its 2020 earnings per share forecast of $23.80 - the mid point of the range. The company said production and supply chain activities had slowed in its aeronautics business due to the COVID-19 pandemic, forcing it to trim its sales outlook. However, the U.S. defense sector is expected to see much less COVID-19 disruption due to generally stable cash flows compared with industrial markets, according to analysts. Stable demand along with the Pentagon increasing interim payments Show less Read more
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