Lockheed Martin Reported Second Quarter 2019 Net Sales of $14.4 Bn

BETHESDA, (BM) – Lockheed Martin Corporation (NYSE: LMT) reported second quarter 2019 net sales of $14.4 billion, compared to $13.4 billion in the second quarter of 2018, learned BulgarianMilitary.com, according company statement.

Net earnings in the second quarter of 2019 were $1.4 billion, or $5.00 per share, compared to $1.2 billion, or $4.05 per share, after severance charges of $96 million, in the second quarter of 2018. Cash from operations in the second quarter of 2019 was $1.7 billion, compared to cash used for operations of $(72) million after pension contributions of $2.0 billion in the second quarter of 2018.

“The corporation achieved another quarter of strong operational and financial results across all four of our businesses, which allowed us to grow our backlog to a new record level and to increase our financial outlook for 2019,” said Lockheed Martin Chairman, President and CEO Marillyn Hewson. “Our team remains focused on driving growth, investing in innovative solutions, and creating long-term value for shareholders.”

See the full financial report – Lockheed Martin Second Quarter Report

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Source: Lockheed Martin