Lockheed Martin booked nearly $60 billion in 2019 sales, the best year on record for the world’s largest defense contractor. And its executives are predicting even higher sales this year.
“[W]e really are happy with our current portfolio,” Marillyn Hewson, the company’s chairman, president and CEO, said Tuesday during the company’s quarterly earnings conference call with investment analysts. “We don’t see any gaps right now.”
Lockheed predicts that demand from the Pentagon and U.S. allies will generate between $62.75 billion and $64.25 billion in 2020 sales. Read More…