Lockheed Martin beat quarterly expectations, with revenue up 11%, sales growth in all four segments and a record order backlog near 292 billion on strong weapons demand; the stock rose about 6%, outpacing peers after results.
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Last but not least, we will take a look at Lockheed Martin. There is a high demand for its weapons and military equipment. It's a winner today, having risen by about 6%. Yes, it is recovering today thanks to its quarterly results . Her performance was better than expected.
Revenues increased by 11% to reach 20.71 billion. Earnings per share amounted to $7.97 per share. That was better than expected there. Sales grew across all four business segments: aviation, missiles, fire control, space, rotor systems, and missions.
Their backlog of orders has reached nearly 292 billion. Another record high in backlogs of orders.
We have discussed this with some of their peers. They were not all equal in terms of how the stocks responded today. Lockheed Martin is the winner, Nicole.
Yes, I mean it's performing very well. When I think about it, I was looking at the story of the missiles in particular. It's amazing to see the demand there. As you said, at a record level.
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