Lockheed Martin has posted positive results in Q1 of 2020 despite the ongoing Covid-19 coronavirus pandemic that is threatening business across the world.

The company reported an net earnings of $1.7bn nearly unchanged when compared to Q1 of 2019, and delivered slightly fewer aircraft than in 2019. Lockheed also posted a slight increase in earnings on the same period with Q1 2020 net sales reaching $15.7bn.

Globaldata ADS analyst Anthony Endresen said: “While the first-quarter earnings are better than many might have anticipated, there is still the reality that as a Prime, Lockheed Martin will not know the impact of COVID-19 on earnings until later in the year.

“The nature and duration of contracts and delivery mean that the first quarter is too early to tell, though one should expect the COVID-19 crisis economic fallout to translate to leaner times across all sectors.”

Read more here.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData