Daily News

Lockheed Martin reports sales increase, profit decline

October 24, 2017 at 12:25 PM
Lockheed Martin, the world's largest defense contractor, today reported sales in its most recent quarter hit $12.2 billion, up 5.4 percent from the same three-month period a year earlier. Quarterly profit reached $939 million, down from nearly $2.4 billion the previous year. However, the company attributed about $1.2 billion of the profit from the prior year to a gain from divesting its information systems and global solutions business. Lockheed reported sales boosts in all four of its business units, except...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on the Trump administration's defense buildup and the response by the coming Democrat-controlled House of Representatives.

Log in to access this content.