Bad news for global stability usually means good news at defense giants like Lockheed Martin. With the threat of terrorism and, as a result, military budgets on the rise, the company is enjoying a favorable outlook. One of Lockheed’s major moneymakers is its F-35 joint strike fighter jet, which accounts for a fifth of its business. The world’s largest defense contractor plans to ship 53 of them this year, up from 45 in 2015. Lockheed’s $9 billion acquisition of Sikorsky Aircraft from United Technologies Corporation last year has provided revenue lifts at the same time that the company offloads its government IT services business.
News about Lockheed Martin
CEO Marillyn Hewson says growth is back after refocusing the company on defense.
As part of a $13.5 billion effort to update the U.S. arsenal.
It can cause a short-term drop, but the long-term impact is much smaller.
The U.S. is still world champion in arms exports.
Videos about Lockheed Martin
The Lockheed Martin CEO explains to Fortune's Susie Gharib.
Marillyn Hewson sits down with Fortune's Susie Gharib to talk about what the deal means for the company.
Fortune's Jennifer Reingold sits down with Hewson to discuss what’s ahead for Lockheed Martin.