Lockheed Martin has raised its sales target for the full year as strong demand for its fighter jets and missiles helped drive performance ahead of expectations in the second quarter.
The US defence group said it expected revenues as high as $71.5bn this year, up from as much as $70bn, and higher than Wall Street estimates.
Lockheed said strong demand for its F-35 and F-16 fighter jets helped to boost second-quarter revenues by close to 9 per cent compared with the same period the previous year to $18.1bn. Shares in the company were up 4.5 per cent in New York.
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