Lockheed Martin give an account of better-than-expected fourth-quarter revenue on Monday, helped by higher sales from the F-35 fighter jet program, while also anticipating a rise in earnings in 2018.
The U.S. defense contractor took a $1.9 billion jurisdiction in the fourth quarter ended Dec. 31, mainly due to the change in U.S. tax law.
On an adjusted main ingredient, however, Lockheed earned $4.30 per share in the quarter.
Net sales increase to $15.14 billion from $13.75 billion a year earlier correlated with $14.72 billion, according to Thomson Reuters I/B/E/S.
Adjusted for new accounting averages from Jan. 1, Lockheed said it expects 2018 net sales in the chain of $50.00 billion-$51.50 billion and earnings per share of $15.20-$15.50.
Lockheed, twin its peers in the United States, is expected to gain from an increase in defense put in under President Donald Trump’s administration.
The U.S. Defense Department wants to spend some $391 billion over 15 years to evolve and buy 2,456 of the supersonic warplanes.
Lockheed said sales in its aeronautics concern, its biggest, grew 11.8 percent to $6.05 billion.