Second-quarter earnings of the Aerospace sector are expected to improve 153% on 13% rise in sales.
LMT earnings call for the period ending June 27, 2021.
Lockheed Martin Corp told Wall Street analysts on Monday that it had a $225 million loss on a classified development program at its Aeronautics business unit, sending its shares down, but said the work will eventually lead to a production contract. Lockheed's classified work has been growing as the U.S. government spends more on researching and developing next- generation weapons systems. Lockheed raised its full-year earnings per share guidance as the U.S. weapons supplier's space business boosted revenue, but the $225 million loss caused the company to miss analysts' earning per share estimates.