F-35 life extension boosts Lockheed’s second-quarter earnings

Published July 20, 2016 12:06am ET



Lockheed Martin revealed an 11 percent increase in second-quarter earnings Tuesday, thanks to extra funding for the F-35, the defense giant said.

The defense contractor brought in $1 billion in net earnings in the second quarter, up $71 million from the second quarter of 2015. The additional revenue boosted Lockheed’s per share price to $3.32, up from $2.94 last year.

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