Lockheed Martin (LMT) presented its second-quarter results on the 21st of July. In this report, we have a look at the results which I think show why especially during these challenging times Lockheed Martin is a very interesting name to own in the aerospace and defense industry.
Starting off with revenues and operating profits, we already see two things we are liking about Lockheed Martin. The first one is that while many companies are seeing COVID-19 driven declines, Lockheed Martin sales were up 12%. The second thing we like about the presented results is that while sales increased by 12%, there was a 15% increase in operating profits. So, there is a nice margin expansion there.
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