Lockheed Martin raises 2020 profit forecast, shares jump – ZAWYA

Lockheed Martin raises 2020 profit forecast, shares jump – ZAWYA

lockheed martin raises 2020 profit forecast, shares jump the pentagon has sought to make sure defense contractors do not lose highly skilled workers during the coronavirus crisis    lockheed martin raised its full-year profit and revenue forecasts on tuesday as the u.s. weapons supplier overcame coronavirus-driven supply disruptions to post higher quarterly sales in its aeronautics unit that makes the f-35 fighter jet.shares of the company rose 3.6% to $378.6 in premarket trading after lockheed also topped analysts' estimates for second-quarter profit.the pentagon has sought to make sure defense contractors do not lose highly skilled workers during the coronavirus crisis, and has used its funds to prevent employees from being laid off or poached by better-funded competitors.shares of the company rose 3.6% to $378.6 in premarket trading after lockheed also topped analysts' estimates for second-quarter profit.lockheed martin raised its full-year profit and revenue forecasts on tuesday as the u.s. weapons supplier overcame coronavirus-driven supply disruptions to post higher quarterly sales in its aeronautics unit that makes the f-35 fighter jet.the pentagon has sought to make sure defense contractors do not lose highly skilled workers during the coronavirus crisis, and has used its funds to prevent employees from being laid off