Defense group Lockheed Martin has revealed a 4% increase in first-quarter sales to $18 billion driven by its Missiles division. The company’s net earnings came in at $1.7 billion or $7.28 per share, up from $1.5 billion or $6.39 per share in the same period last year.
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It also announced a return of $1.5 billion of cash to shareholders through dividends and share repurchases.