Lockheed Martin order book reaches record $194 billion

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Lockheed Martin order book reaches record $194 billion
Photo: Michel Euler/AP/TT

Profits have tripled, and revenue and order intake are growing. US defense group Lockheed Martin is beating expectations.

Operating profit for the fourth quarter came in at $2.3 billion, around SEK 20 billion. During the same period the year before, profit was $696 million.

Revenue rose 9 percent to $20.3 billion. Both profit and revenue were higher than analysts' forecasts.

The order book is at a record high of $194 billion.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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