159.05 +1.22 (0.77%)
Pre-market: 8:53AM EST
Electric busmaker Arrival schedules first UK road trialPilot for First Group this autumn part of EV maker’s rapid expansion ahead of New York IPO A prototype Arrival bus and van. Photograph: Arrival
Package delivery leader United Parcel Service (NYSE: UPS) had an incredible year, posting record-high revenue and adjusted operating income. While it's easy to attribute the shipping giant's performance to pandemic-induced tailwinds, UPS is confident that it can continue to capitalize on key growth drivers for years to come. One of the big growth drivers for UPS in 2020 was its ability to tap into the needs of small to medium-sized businesses (SMBs).
Consider, for example, Lockheed Martin (NYSE: LMT) and United Parcel Service (NYSE: UPS). Considering that it produced record-high revenue, net income, and free cash flow (FCF) last year, you might expect that shares of leading defense contractor Lockheed Martin would have performed impressively in 2020. Part of what's fueling investors' skepticism about Lockheed Martin is concern about its growth rate.