Lockheed Martin Corp. reported better-than-expected quarterly profit on April 23 as President Donald Trump’s looser policies on foreign arms sales boosted demand for missiles and fighter jets.
The Pentagon’s biggest weapons supplier is the first major defense company to report quarterly earnings this week, which Wall Street expects to be higher than a year ago as global demand for arms rises. Trump’s administration has proposed an increase in U.S. defense spending for the next fiscal year.
