Lockheed Boosts Forecast on Strong Fighter Jet, Radar Sales
- Revenue beat expectations by over $1 billion in second quarter
- Lockheed said embattled F-35 program remains a top priority
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Lockheed Martin Corp. raised its profit and revenue guidance as demand for its fighter jet and radar programs drove sales above expectations in the second quarter.
The defense company now expects revenue as high as $71.5 billion this year, up from as much as $70 billion and above the average analyst estimate of $69.8 billion, according to a statement Tuesday. Lockheed also raised its earnings per share view to as much as $26.60, up from $26.35.