Lockheed Martin Opens Year With Solid First Quarter; Raises Guidance

摘要

Lockheed Martin [LMT] on Tuesday posted solid results in its first quarter with earnings andsales higher and the company increased its outlook this year for the top and bottom lines.The higher earnings in the quarter were aided by a gain in the company’s Ventures Fundbusiness that invests in start-up and other small technology companies, partially offset byseverance and restructuring costs in the Rotary and Mission Systems (RMS) segment that isbeing realigned to improve efficiency and affordability.