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Lockheed Martin bullish as backlog hits USD100 billion

30 January 2018

Lockheed Martin's CEO, Marillyn Hewson, has said that decisive moves by the Trump Administration during 2017 have been particularly good for the company.

According to Hewson, the government’s tax and defence policies have been drivers of Lockheed Martin’s strong recent numbers, increasing order book and bullish prospects going forward.

“We had an exceptional year,” Hewson told analysts yesterday during the company’s fourth quarter earnings call, citing broad-based sales growth and a near USD100 billion order book backlog.

Lockheed’s progress during 2017 was driven primarily by its Aeronautics, Missiles and Fire Control, and Rotary and Mission Systems divisions. Increased production of the Lockheed Martin F-35 Lightning II Joint Strike Fighter played a particularly strong role, with the company delivering 66 aircraft in 2017: a 40% increase on the previous year.

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