Lockheed Martin order book jumps
Photo: Geert Vanden Wijngaert/AP/TT

Lockheed Martin order book jumps 38% as second-quarter profit beats forecasts

American Lockheed Martin, which manufactures the F-35 fighter jet and missile defense systems, among other things, reports unexpectedly high sales and profits for the second quarter. Its order book is also swelling.

The value of Lockheed Martin's order book increased by 38 percent compared with a year earlier, to just over $230 billion (approximately SEK 2.24 trillion).

Second-quarter operating profit rose to $2.5 billion, up from $748 million in the same quarter last year. The average forecast among analysts was $2.3 billion, according to Bloomberg.

Net sales rose 11 percent to $20.1 billion, compared with an expected $19.3 billion.

AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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