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Lockheed Martin Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2019, and initiated net sales outlook for the full-year 2020.

For fiscal 2019, the company now expects earnings of about $21.55 per share, up from prior guidance range of $20.85 to $21.15 per share.

Net sales are now projected to be about $59.10 billion, up from prior guidance range of $58.25 billion to $59.75 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $21.21 per share on revenues of $59.19 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2020, the company now projects net sales to increase to about $62.0 billion, while analysts projects revenues of $62.82 billion for the year.

"As we look ahead to 2020, we remain focused on providing innovative solutions for our customers, investing for long-term growth, and generating value for our shareholders," said Lockheed Martin Chairman, President and CEO Marillyn Hewson.

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