Northrop quarterly profit rose on strong global defense spending [Reuters]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Reuters
International demand for U.S. weaponry has risen following Russia's invasion of Ukraine and conflicts in the Middle East. "Robust global defense spending and our strong backlog, along with expanding margins, continue to support our multi-year outlook for free cash flow growth," said CEO Kathy Warden. Profit in Northrop's Defense Systems segment rose 11% in the first quarter, helped by higher demand for rocket motors and Stand-in Attack Weapon, a tactical air-to-surface missile. Northrop and L3Harris are the only companies that supply sought-after rocket motors, used in guided multiple-launch rocket systems, that played a crucial role in supporting Ukraine's defense efforts against Russian forces. Northrop's aeronautic systems business posted a 25% jump in operating income, benefiting from strong demand for E2 Hawkeye aircraft and Lockheed Martin's F-35. Northrop Grumman, the largest subcontractor for the F-35 jet delivery to Pentagon, has not yet been affected by delays in
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- 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