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Lockheed Martin stock rises after profit, revenue rise above expectations

Lockheed Martin stock rises after profit, revenue rise above expectations

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Shares of Lockheed Martin Corp. LMT, +0.57% gained 1.0% in premarket trading Tuesday, after the aerospace and defense company reported fourth-quarter profit and sales that rose above expectations, as growth in aeronautics, missiles and fire control and rotary and mission systems sales offset a decline in space sales. Net income rose to $2.05 billion, or $7.47 a share, from $1.79 billion, or $6.38 a share, in the year-ago period.

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