Lockheed Boosts 2015 Forecast as Aircraft Margins Improve
This article is for subscribers only.
Lockheed Martin Corp. raised its annual profit forecast as improving margins for its aircraft unit, led by its marquee F-35 fighter jet, help ease pressure from U.S. defense-spending cuts.
The positive outlook from the largest defense contractor and first-quarter earnings that beat analysts’ estimates set the stage for peers. Boeing Co. and Raytheon Co. report later this week, followed by General Dynamics Corp. and Northrop Grumman Corp. on April 29.