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Tuesday April 26, 08:59
Lockheed Martin first-quarter profit rose 27%
(by Mark Riley)
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Lockheed Martin, the No. 1 U.S. defense contractor, reported on Tuesday that its first-quarter profit rose 27% due to strong sales at its electronic systems and space systems units.
Profit rose to $369 million, or 83 cents per share, from $291 million, or 65 cents per share, in the previous year. Sales rose 2 percent to $8.5 billion.
Analysts were expecting 75 cents a share.
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