Lockheed Martin Corporation revealed on Tuesday that its net earnings in the second quarter of fiscal 2023 amounted to $1.7 billion or $6.63 per share, marking a 472% surge in comparison to the corresponding quarter the year before. In the trimester ending June 25, the company's net sales jumped 6% annually to land at $16.7 billion.
"Given the strength of our year-to-date results and ongoing demand for our signature programs and advanced technologies, we are raising our full-year sales and earnings per share outlooks for 2023," CEO Jim Taiclet said. The company expects its total net sales for the fiscal year to range from $66.25 billion to $66.75 billion.
Following the release of the report, the company's stock rose 0.85% in premarket trading.
