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F-35 increasingly driving Lockheed profitability

25 October 2017

Shipments and bookings of the Lockheed Martin F-35 Lightning II Joint Strike Fighter drove strong third quarter sales increases at Lockheed Martin, the company reported on 24 October.

The company shipped out 15 of the aircraft during the period and 44 during the first nine months. That compares with just 10 and 30 for comparable periods last year.

Overall sales spiked to USD12.2 billion during the three months ended 24 September, compared with USD11.6 billion in the same period last year. Almost all the increase came from Lockheed Martin’s aeronautics division, where billings rose by 14%. Revenues at the missile and fire control, rotary and mission systems, and space systems were essentially flat.

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