Lockheed Martin Earnings: Record Sales Drive Earnings This Quarter

Lockheed Martin (NYSE: LMT) performed solidly in the fourth quarter, soundly beating consensus estimates. About 80% of all the company’s revenues come from defense contracts, and the company has considerable momentum, given its strong market position. The defense contractor also managed to increase its international business to account for 21% of all corporate sales, as it grew by 6% year over year. During the quarter, the company also concluded the Sikorsky acquisition which has enabled the c...