Lockheed’s 2019 Sales Forecast Bodes Well for Defense Spending
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Lockheed Martin Corp. expects sales to grow as much as 6 percent next year, the first glimpse into the world’s largest defense contractor’s forecast for 2019. Cash from operations is expected to double.
Analysts had expected 5 percent revenue growth, and are looking to Lockheed to calm concerns that defense spending peaked in fiscal 2018 as the U.S. budget deficit balloons.