Lockheed Martin Beats Results Estimates on Strong Defense Demand

Lockheed Martin taps strong defense demand to beat results estimates

Image source Google webstory media

[{"selector":"#anim-8029d1fc-17bf-4cff-8f3e-985fb2b4372a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-43.75061759722803%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Lockheed Martin Corp has reported strong first-quarter results, surpassing Wall Street targets despite parts and labor shortages. Image source Google webstory media

[{"selector":"#anim-47dba8a1-7027-472a-8517-937a74b77599 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.17855600783647%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5b08ff9e-3272-4bc5-a909-44b4608ed085","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ebb71bcf-897d-463a-a3b5-8a333279606a","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f678e00c-1daa-44ea-b2c3-2d84c60c31cf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-becd221f-da52-4f2d-8ab1-b941082ff54e","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The demand for Lockheed's F-35 fighter aircraft, missiles and other defense equipment has increased due to simmering geopolitical tensions in Europe, the South China Sea, and the Indo-Pacific region. Image source Google webstory media

[{"selector":"#anim-de25ccec-8cbb-4172-963b-850b395dff8a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ef1d8248-586e-473a-9a02-4111fc22feaa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-853e19da-a09b-4f77-b5b9-f9243ddb57fd","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c376a7d0-d7da-4caa-ae2e-61a37b402cb7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1fc9c43f-6c80-49ae-b879-150e1876fbce","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Quarterly net sales were reported at $15.13 billion, which exceeded the estimated $15.03 billion. Image source Google webstory media

[{"selector":"#anim-6ef9f548-53fb-4222-8286-4fc8dc1952b9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(30.318574394612753%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-13a09c4f-668c-424d-9c90-037bb6599b96","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc1dbf30-1411-401f-99eb-8fb52972e298","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c703919-480a-4c39-93d9-fe812c218527","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b25e4d6-9159-40c3-a3ce-bc9692374a7c","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bethesda-based Lockheed reported GAAP earnings per share of $6.61, which included non-operational gains of $0.18 per share, and adjusted earnings of $6.43 per share. Image source Google webstory media

[{"selector":"#anim-195a7827-779b-4588-b1ec-5b4e41eb3682 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8a9e2591-fb07-446c-824d-dd1ecba7d7cb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a00215f1-04ae-44dd-a186-54309353192c","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e521dd9-4523-46f8-ada3-9bc5e667ba86","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2cf3cb3c-9d6c-489b-89fe-f8044f5dfdaa","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Analysts were expecting profits of $6.06 per share. Image source Google webstory media

[{"selector":"#anim-58b4cfdc-45cc-4bad-8449-d9b2a2c25246 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.2054617809922%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ab5fce75-da3b-4036-861a-be0c31265916","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f5275c7-ba81-4641-b31d-b1e7916cf4f2","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3e6ebfe-9bd0-46e1-9e3c-63066dd50cdc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f82c554-334c-476b-9d5c-a53ea6ff088f","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Lockheed's order backlog fell to $145.1 billion as of quarter-end from $150 billion at the end of 2022. Image source Google webstory media

[{"selector":"#anim-406b8f54-0c71-48eb-8a63-69607c651ad7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92193cb4-a168-40ef-b1ef-e77b806a93aa","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cca79443-247e-4f0d-aa05-b6701708e202","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-467078fd-65bc-47ef-9f5b-e694498c9f7c","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c068a6e4-b2ea-4c02-a0eb-d768d2443006 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.17855600783647%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Despite the decrease in order backlog, the missiles maker reaffirmed its full-year outlook. Image source Google webstory media

[{"selector":"#anim-e52169f9-adf8-4806-bbe3-2b6de4ea387a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.25185265303539%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a97fd628-dd9d-4da9-bc49-6d387b0f28ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-38109f21-6b99-423c-aebe-5063974fa24f","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6cbeffd2-5795-4857-85c3-e45719b16a29","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afa67ad5-3a4a-4b8a-9a25-8f75c78f26ff","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The company is projecting net sales in the range of about $65 billion to $66 billion for the full year. Image source Google webstory media

[{"selector":"#anim-5bf5886a-a8ab-493f-bcff-6431da27a182 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.18199727589608%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f747afad-e3b1-45cd-8d99-16b4590f0fd9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-85e2edfd-bc66-4b79-bd13-3c437e851f3d","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b3b55a7d-7d56-4ba4-98b4-2048a9842c32","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3047c00-ee65-4b97-8dc2-65d76a021164","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Lockheed is also projecting profits between $26.60 per share and $26.90 per share for the full year. Image source Google webstory media

[{"selector":"#anim-905402ca-02e5-4b8f-b950-3da9a1cc5947 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(30.318574394612753%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-97d0fb91-d46b-425c-98a9-a10f12918090","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d5f434a-3f52-4513-8b46-373c78b0e5e7","keyframes":{"transform":["translate3d(108.23864%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b5b57b85-ddc0-4173-8882-1a692f5ed6bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14192cf9-6644-4ac7-9db7-a61c86881a2a","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The rising demand for Lockheed's products and its strong performance in Q1 suggest that the company is poised for continued success in the defense sector. Image source Google webstory media

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[{"selector":"#anim-c4055ff9-caf8-4197-b048-384742af7ef0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-96e971f5-4644-4308-ac88-fd526f2dc4d5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ddecac3-5ec9-4a69-848b-f5a233a3d111","keyframes":{"transform":["translate3d(-197.95925%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e2faa40-06cb-4494-818a-f3d18b512c14","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bce110df-b9a0-4fba-b344-74a2c2943d11","keyframes":{"transform":["translate3d(-108.80682%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image source Google webstory media Click here to Join Now