Lockheed Martin Tops First Quarter Expectations on Strong Revenue Growth

Lockheed Martin (NYSE: LMT) on Tuesday reported first quarter revenue up 9.4% year over year and earnings that came in well ahead of expectations, demonstrating the resilience of its defense portfolio in the face of the COVID-19 pandemic.

Lockheed Martin reported first quarter earnings of $6.08 per share on revenue of $15.7 billion, topping expectations for $5.80 per share in earnings on $15 billion in revenue. The company's aeronautics segment led sales higher, up 14% year over year, while missiles was up 11% and space posted a 10% gain.

Image source: Lockheed Martin.

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Source Fool.com