WASHINGTON: Lockheed Martin Corp , whose F-35 fighter program has been criticized by President Donald Trump as too expensive, posted a 19.4 percent rise in quarterly sales, helped by higher revenue from the F-35 and Sikorsky helicopters businesses.
The Pentagon’s No. 1 weapons supplier said it expected 2017 net sales to raise 4.6-7.1 percent, compared with its previous forecast of an increase of 7 percent.
Lockheed said net sales rose to US$13.75 billion in the fourth quarter ended Dec. 31, from US$11.52 billion a year earlier.
Net earnings from continuing operations rose to US$959 million, or US$3.25 per share, from US$817 million, or US$2.63 per share.
