Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries

Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries

Shares of Lockheed rose 2.5% in premarket trading, after the company said it delivered 134 F-35 fighter jets to the United States and its allies in 2019, a 47% increase from a year earlier.. Net earnings rose to $1.5 billion, or $5.29 per share, in the fourth quarter ended Dec. 31, from $1.25 billion, or $4.39 per share, a year earlier.. Analysts, on average, had expected the company to post a profit of $5.03 per share.. Net sales rose 10.2% to $15.88 billion, below analysts' expectation of $15.29 billion..