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Lockheed Martin sees profits rise

25th July 2013 - 10:34 GMT | by Joyce de Thouars in London


Increased operating margins in the second quarter of the year have led Lockheed Martin to increase its 2013 financial guidance for operating profit, EPS and cash from operations. 

The company revealed on 24 July that net profit rose 5% in Q2 to $781 million from $742 million in the same period last year, despite a decline in sales of 4%.

The aeronautics, electronic systems and space systems businesses recorded strong results opposite declining revenue and profits in the information system and global solutions business, which was impacted by lower net sales and decreased volume on mainly C2 programmes.

However, the

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Joyce de Thouars


Joyce de Thouars

Joyce holds a MA degree in Middle Eastern Studies from King’s College London. Before she …

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