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Lockheed Martin Posts Sales of $14.4 billion in 2019
July 26, 2019 | Lockheed MartinEstimated reading time: Less than a minute
Lockheed Martin Corporation has reported second quarter 2019 net sales of $14.4 billion, compared to $13.4 billion in the second quarter of 2018. Net earnings in the second quarter of 2019 were $1.4 billion, or $5.00 per share, compared to $1.2 billion, or $4.05 per share, after severance charges of $96 million, in the second quarter of 2018. Cash from operations in the second quarter of 2019 was $1.7 billion, compared to cash used for operations of $(72) million after pension contributions of $2.0 billion in the second quarter of 2018.
"The corporation achieved another quarter of strong operational and financial results across all four of our businesses, which allowed us to grow our backlog to a new record level and to increase our financial outlook for 2019," said Lockheed Martin Chairman, President and CEO Marillyn Hewson. "Our team remains focused on driving growth, investing in innovative solutions, and creating long-term value for shareholders."
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
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