By Staff Report Tuesday, April 26th, 2016

Lockheed Martin reported mixed first quarter 2016 earnings results on April 26.

During the quarter, Lockheed Martin posted revenues of $11.7 billion and earnings per share of $2.58. Thompson Reuters analysts had predicted revenues of $11.34 billion and earnings per share of $2.59. During the same quarter last year, the company had revenues of $10.11 billion and earnings per share of $2.74.

Net earnings of $794 million was down from $878 million during the first quarter of 2015.

The Bethesda, Md.-based company operates a Goleta facility, which makes electro-optical infrared imaging systems for aircraft and satellites. In November, the facility celebrated its 30^th anniversary.

• Contact Philip Joens at pjoens@pacbiztimes.com.