Maryland-based defence manufacturer Lockheed Martin’s production and sales grew in Q2 2021, over the same period last year.
The company noted on Jul 26 that its Aeronautics division reported better output and sales of its F16, F35, and F22 model lines, partially offset by lower sustainment costs.
Production at the Missiles and Fire Control arm also increased in Q2 2021 annually with better output of Army Tactical Missile Systems as well as Long Range Anti-ship missiles. Higher production of the Black Hawk, Combat Rescue Helicopter was undercut by a slump in Seahawk output at the Rotary and Mission Systems department.
Lockheed has not anticipated the impact of the Aerojet Rocketdyne acquisition in its Q2 2021 results. In Q2, it posted net sales of $17bn against $16.2bn in the prior-year period while net earnings rose to $1.81bn from $1.62bn in the same timeframe under comparison.