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Lockheed Reports 9% Revenue Spike in 4Q With F-35, Int’l Sales Growth

lockheed martinLockheed Martin (NYSE: LMT) has announced financial results for its fourth quarter and full 2014 fiscal year ended Dec. 31, 2014.

Revenue for the fourth quarter increased 8.6 percent year-over-year and the company reported a modest revenue gain of two-thirds a percent for the full fiscal year.

The company attributed the increase for the quarter partly to a $260 million growth in sales of the F-35 fighter jet over the prior year period.

Marillyn Hewson
Marillyn Hewson

Revenue for Lockheed’s aeronautics business segment, which makes the F-35, grew 6 percent for the quarter over the prior year period and 5.7 percent for the full year over 2013 figures.

Marillyn Hewson, Lockheed CEO, also cited “strong international business growth” as a factor in the company’s fourth quarter results.

Lockheed did not include international results based on geography in its financial statement.

The company’s missiles and fire control, mission systems and training, and space systems segments also recorded revenue increases for the quarter.

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