Sikorsky results weaken in Q3

Lockheed Martin overcame weaker revenue at its Sikorsky Aircraft subsidiary to lift overall revenue 5 percent to nearly $12.2 billion in the third quarter.

Profits totaled $939 million, down from $2.4 billion a year ago, with the previous year’s earnings including a $1.2 billion gain from the sale of its former Information Systems & Global Solutions business.

Lockheed Martin is the largest corporate employer in southwestern Connecticut via its Stratford-based subsidiary Sikorsky. The Bethesda, Md.-based conglomerate is the largest U.S. defense contractor with its production extending to ships, trucks, drones, weaponry and guidance systems.

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