Lockheed Martin raises 2020 profit forecast


July 21 (Reuters) - Lockheed Martin Corp LMT.N raised its full-year profit forecast on Tuesday as the U.S. weapons supplier overcame supply disruptions to post higher quarterly sales in its aeronautics unit that makes the F-35 fighter jet.

Net earnings rose to $1.63 billion, or $5.79 per share, in the second quarter ended June 28, from $1.42 billion, or $5 per share, a year earlier.

Lockheed said it expects 2020 earnings per share between $23.75 and $24.05, compared with its previous forecast of between $23.65 and $23.95.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Aditya Soni)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.