Boeing, Lockheed Martin Post Strong Earnings, But Defense Cuts Loom
At Lockheed Martin Corp.'s headquarters in Bethesda, Md., executives rolled out second-quarter results that wowed Wall Street. Net income was up 56% from a year earlier, to $461 million ($1.02 a share), profit margins rose, and the company increased its earnings estimate for the full year. "What a...
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