Lockheed Martin's quarterly earnings rose 47%


The report of the American military-industrial corporation Lockheed Martin for the first quarter of 2019 showed an increase in net profit relative to the same quarter last year by 47% to 1 billion 700 million dollars. The adjusted earnings of $5,73 per share, surpassed economists’ forecast of $4, 34 per share. Revenues amounted to 14 billion 340 million dollars, rising by 23% over the year. During the earnings period, the company recorded an increase in pending orders by $3 billion. Revenues of the electronic systems division grew 40% to $2 billion 350 million. Its operating profit jumped 60% to $417 million. The aviation division for the quarter increased revenue by 27%, operating profit - by 23%. The revenue of the space division increased by 13%, profits increased by 27%.

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