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1/26, 1:35 PM (Source: TeleTrader)
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Lockheed Martin's revenue up 7.6% in Q4 to $17B

Lockheed Martin Corp. announced on Tuesday its revenue in the fourth quarter stood at $17 billion, an increase of 7.6% compared to the same period last year. Net earnings were reported at 1.8 billion, up 20% year-on-year. Earnings per share (EPS) grew 20.6% to $6.38.

For the full 2020, the company's revenue was at $65.4 billion, up 9% from 2019. Net earnings were up 9.7% to $6.8 billion, while diluted EPS rose by 10.7% to $24.3.

"In concert with our resilient operational performance, we delivered strong financial results on behalf of our shareholders and contributed to our communities through the production of PPE, accelerated payments to small and medium businesses, and elevated charitable contributions to support a range of important local and national services," said Lockheed Martin President and CEO James Taiclet. "We also initiated an enhanced strategic vision for Lockheed Martin designed to accelerate the adoption of leading edge networking and related technologies into our national defense enterprise, while enhancing the performance and value of our major platforms to our customers."

Breaking the News / DJ