Lockheed Martin’s fourth-quarter profit rose almost 10% last year, fuelled by strong sales, the company says.
Lockheed earned US$799m in the fourth quarter, up from US$729m in 2006. Sales of satellites and ballistic missiles rose US6.5%, to US$2.1bn, while electronic systems sales rose US2.9% to US$2.8bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Our programme execution was solid, we won important new business, and we continued to shape a balanced business portfolio – all while achieving outstanding financial performance,” Lockheed chief executive Robert Stevens says.
For 2007, Lockheed posted a profit of US$3bn, compared with US$2.5bn in 2006.
Sales for the year were up 5.6%, to US$41.9bn.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
