Lockheed profit rises 4.5 percent
Reuters
Published Jul 20, 2015 07:48AM ET
Lockheed profit rises 4.5 percent
(Reuters) - Lockheed Martin Corp (N:LMT), the Pentagon's largest arms supplier, reported a 4.5 percent rise in quarterly profit and said it was starting a strategic review of its government IT and technical services businesses.
The company, which said on Monday it would buy Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp (N:UTX) for $9 billion, said the review represents about $6 billion in expected 2015 sales and 17,000 employees.
Lockheed's net income rose to $929 million, or $2.94 per share, in the second quarter ended June 28, from $889 million, or $2.76 per share, a year earlier.
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Written By: Reuters
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