Lockheed Martin profit rises 22per cent on higher F-35 deliveries
REUTERS: Lockheed Martin Corp reported a 22 per cent rise in quarterly profit on Tuesday and raised its 2019 profit forecast for the second time this year, helped by increased demand for its F-35 combat jets.
The Pentagon's No.1 weapons supplier now expects full-year profit to range between US$20.85 and US$21.15 per share, compared with its previous forecast of US$20.05 to US$20.35 per share.The company's net earnings rose to US$1.42 billion, or US$5 per share, in the second quarter ended June 30, from US$1.16 billion, or US$4.05 per share, a year earlier.
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