Company Report

Lockheed Martin has Net earnings from continuing operations of $1.8 billion, or $6.38 per share, in the fourth quarter and $6.9 billion, or $24.50 per share, in 2020

Lockheed Martin Corporation [NYSE: LMT] reported fourth quarter 2020 net sales of $17.0 billion, compared to $15.9 billion in the fourth quarter of 2019. Net earnings from continuing operations in the fourth quarter of 2020 were $1.8 billion, or $6.38 per share, compared to $1.5 billion, or $5.29 per share, in the fourth quarter of 2019. Cash from operations in the fourth quarter of 2020 was $1.8 billion, compared to $1.5 billion in the fourth quarter of 2019. Cash from operations was after discretionary pension contributions of $1.0 billion in each of the fourth quarters of 2020 and 2019.

Net sales in 2020 were $65.4 billion, compared to $59.8 billion in 2019. Net earnings from continuing operations in 2020 were $6.9 billion, or $24.50 per share, compared to $6.2 billion, or $21.95 per share, in 2019. Cash from operations in 2020 was $8.2 billion, compared to $7.3 billion, in 2019. Cash from operations was after discretionary pension contributions of $1.0 billion in each of 2020 and 2019.

Source: investors.lockheedmartin.com

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