Lockheed boosts sales target to $50 billion despite F-35 tiff

Published April 24, 2018 5:54pm ET



Lockheed Martin is boosting its 2018 profit target despite the government’s decision to halt deliveries of the F-35 fighter, the largest U.S. weapons program, over a contract issue.

The Bethesda, Md.-based aerospace company expects segment earnings of $5.32 billion to $5.47 billion, an increase of 2.2 percent, following sales growth of 7 percent in its aeronautics business driven by the high-tech jet.

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