Previous close | 0.1400 |
Open | 0.1400 |
Bid | 0.0000 |
Ask | 0.3500 |
Strike | 300.00 |
Expiry date | 2024-06-21 |
Day's range | 0.1400 - 0.1400 |
Contract range | N/A |
Volume | |
Open interest | 765 |
FEATURE Lockheed Martin beat Wall Street’s first-quarter sales and earnings estimates in a strong start to 2024. The defense giant Tuesday reported earnings per share of $6.39 from sales of $17.2 billion.
Robust Sales Growth and Strategic Capital Deployment Highlight the Quarter
U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit on Tuesday, as simmering geopolitical tensions prompted some countries to boost their defense spending, driving demand for new weapons. Sales in Lockheed's missiles and fire control unit jumped 25.3% to nearly $3 billion, boosted by strong demand for high mobility artillery rocket system (HIMARS) and guided multiple launch rocket system (GMLRS), key weapons used by Ukraine in its conflict with Russia. "These first-quarter results reinforce our confidence in our ability to achieve the full-year financial expectations we set in January," CEO Jim Taiclet said in a statement.