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Lockheed Martin Profit Rises 10% |
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Author: 123jump.com Staff
123jump.com
Last Update: 1:01 PM EST January 25 2008
The defense contractor attributed the net income growth to robust sales at its aeronautics division and added that sales in 2007 rose 6% to $41.9 billion. The aeronautics division had a profit of $1.5 billion on $12.3 billion in sales, compared with net income of $1.2 billion on $12.2 billion in sales a year ago. Lockheed Martin raised its forecast for earings per share in 2008 between $7.05 and $7.25 per share, from the previous estimate of $6.95 to $7.15. |
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