Lockheed Lifts Annual Forecasts
Lockheed Martin raised its annual sales and profit forecasts after reporting higher quarterly earnings driven by rising demand for missiles and fighter jets. The defense contractor posted a record backlog of 292 billion dollars following major contract awards.
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LOCKHEED MARTIN CORP raised its annual sales and profit forecasts on Thursday following an earnings increase driven by higher missile and fighter jet production. The upward revision follows similar moves by peer defense contractors amid sustained geopolitical conflicts. The higher guidance underscores robust global demand for advanced munitions and air-defense systems.
