Lockheed Martin Beats Wall Street’s Expectations But Delivers No F-35s
Lockheed Martin beat analysts’ expectations in the first quarter, but its F-35 program remains mired in software-related problems that are delaying delivery of the aircraft.
Credit: Nigel Blake/Alamy Stock Photo
Lockheed Martin posted better-than-expected results in the first quarter, with sales rising 13.7% to $17.2 billion and earnings per share of $6.33, but delivered no F-35 fighter jets as their ongoing software problems have yet to be resolved. Investors reacted tepidly to the earnings report, and...
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