Lockheed Martin sees profits rise
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
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Defence Notes
-
![US speeds up B61-13 nuclear bomb production as programme moves further ahead of schedule]()
US speeds up B61-13 nuclear bomb production as programme moves further ahead of schedule
The US government plans to accelerate production even further after achieving key B61-13 milestones months ahead of schedule, as the programme advances amid growing US-China strategic competition.
-
![Canada’s C$2 billion ACSV deal reinforces new defence industrial strategy as allies align]()
Canada’s C$2 billion ACSV deal reinforces new defence industrial strategy as allies align
General Dynamics Land Systems-Canada is the country’s first strategic partner under the Defence Industrial Strategy’s Strategic Partnership Framework, an effort to provide companies with confidence to invest and boost the defence labour force.
-
![New UK armed forces minister frames High North defence as vital to “homeland security”]()
New UK armed forces minister frames High North defence as vital to “homeland security”
The UK’s Minister for the Armed Forces Louise Sandher-Jones made her first appearance in the role before the House of Commons Defence Committee this week to highlight efforts to improve capability in the High North.
-
![Canada seeks to strengthen industrial ties with the US on classified programmes]()
Canada seeks to strengthen industrial ties with the US on classified programmes
Ottawa explores expanding defence-industrial cooperation with Washington into sensitive programmes, an approach that could reshape NORAD modernisation, strengthen North American supply chains and create new opportunities for defence contractors.
