Lockheed Martin Reaping Strong Demand, Adjusts Guidance Upward; Putting our FVE Under Review
Wide-moat Lockheed Martin reported strong second-quarter results and a promising backlog, and once again raised annual earnings guidance for 2019 (from $20.05-$20.35 to $20.85-$21.15 per share). Lockheed grew second-quarter EPS 23% to $5 per share, and improved its backlog in three out of four business areas. The firm grew its top line 8% year over year to $14.4 billion, with segment operating profit growing 6% to $1.6 billion. Missiles and fire control and space segments performed strongest: mi...Lockheed Martin is a security and aerospace company. The company has four segments: Aeronautics, which is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft; Missiles and Fire Control, which provides air and missile defense systems, logistics, fire control systems, and mission operations support; Rotary and Mission Systems, which provides design, manufacture, service and support for military and commercial helicopters, radar systems, and simulation and training services; Space, which researches, designs, develops, engineers and produces satellites, space transportation systems, and strategic, strike, and defensive systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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