Lockheed Martin second quarter earnings beat analyst estimates
Lockheed Martin revenues increased slightly and the company beat analyst estimates when it reported second quarter earnings results July 19.
Lockheed Martin said sales increased during the quarter from $11.6 billion during the same quarter in 2015 to $12.9 billion in 2016. Earnings per share increased from $2.94 to $3.32 per share over the same periods. The company also said profits rose from $929 million during the same quarter of 2015 to $1.02 billion in 2016.
The increases were largely due to increased sales of the company’s F-35 jet, the company said in a news release.
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 30th anniversary.
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