Lockheed Martin beats first-quarter profit estimates on strong demand [Globe and Mail, The (Toronto, Canada)]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Globe and Mail, The
Sales in Lockheed's missiles and fire control unit jumped 25.3% to nearly $3 billion, boosted by strong demand for high mobility artillery rocket system (HIMARS) and guided multiple launch rocket system (GMLRS), key weapons used by Ukraine in its conflict with Russia. Sales in the company's aeronautics business, its biggest unit and which makes the F-35 fighter jets, rose 9.2% to $6.85 billion. “These first-quarter results reinforce our confidence in our ability to achieve the full-year financial expectations we set in January,” CEO Jim Taiclet said in a statement. It had forecast full-year net sales of $68.5 billion to $70 billion and a profit of $25.65 and $26.35 per share. It started the year with a quarterly profit of $6.39 per share, which was well above analysts' expectations of $5.83 per share, according to LSEG data. Lockheed's first-quarter net sales rose 14% to $17.2 billion, also beating analysts' expectations of $16.02 billion. Last week, the U.S. Missile Defe
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- Top 20 States Where the US Military Spends the Most Money [Yahoo! Finance]Yahoo! Finance
- Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems [Reuters]Reuters
- Lockheed Martin Declares Second Quarter 2024 Dividend and Announces Election of Thomas Falk as Independent Lead Director of the Board [Yahoo! Finance]Yahoo! Finance
LMT
Earnings
- 4/23/24 - Beat
LMT
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 4
- 4/23/24 - Form 10-Q
- LMT's page on the SEC website