Here’s How the Industrial Military Complex is Trading After Earnings

Lockheed Martin (NYSE:LMT) reported net income above Wall Street’s expectations for the third quarter. Net income for Lockheed Martin rose to $700 million ($2.10 per share) vs. $560 million ($1.54 per share) in the same quarter a year earlier. This marks a rise of 25% from the year earlier quarter. Revenue  rose 6.8% to $12.12 billion from the year earlier quarter. LMT beat the mean analyst estimate of $1.81 per share. It beat the average revenue estimate of $11.73 billion.

“Our focus on program execution in support of our customers resulted in a strong third quarter,” said Bob Stevens, chairman and chief executive officer. “We continue to take aggressive actions, including painful workforce reductions, to reduce costs and deliver value to our customers and shareholders in this challenging global security and economic reality that we expect will extend into 2012.”

Competitors to Watch: Astrotech Corp. (NASDAQ:ASTC), The Boeing Company (NYSE:BA), Northrop Grumman Corp. (NYSE:NOC), General Dynamics Corp. (NYSE:GD), OHB Technology AG (OHB), Alliant Techsystems Inc. (NYSE:ATK), Raytheon Company (NYSE:RTN), RKK Energiya im. S.P.Koroleva OAO (RKKE), Duks OAO (DUKS), and Kirovskiy zavod Mayak OAO (KZMK).

Northrop Grumman Corporation (NYSE:NOC) reported net income above Wall Street’s expectations for the third quarter. Net income for Northrop Grumman Corporation rose to $520 million ($1.86 per share) vs. $497 million ($1.67 per share) in the same quarter a year earlier. This marks a rise of 4.6% from the year earlier quarter. Revenue fell 6.5% to $6.61 billion from the year earlier quarter. NOC beat the mean analyst estimate of $1.68 per share. It fell short of the average revenue estimate of $6.84 billion.

“Superior operating performance in our businesses drove higher operating income, earnings, cash and a strong book-to-bill ratio for the quarter. Based on year-to-date operating results and effective cash deployment, we are again raising our 2011 EPS guidance. The combination of performance and share repurchases continues to produce strong earnings per share growth despite top line pressures,” said Wes Bush, chairman, chief executive officer and president.

Competitors to Watch: Lockheed Martin Corp. (NYSE:LMT), General Dynamics Corp. (NYSE:GD), The Boeing Company (NYSE:BA), Raytheon Company (NYSE:RTN), Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS), L-3 Communications Hldgs., Inc. (NYSE:LLL), ITT Corporation (NYSE:ITT), Cubic Corporation (NYSE:CUB), Rockwell Collins, Inc. (NYSE:COL), and BAE Systems PLC (BAESY).

General Dynamics Corporation (NYSE:GD) from reporting a profit boost in the third quarter. Net income for the aerospace/defense products and services company rose to $652 million ($1.81 per share) vs. $650 million ($1.70 per share) in the same quarter a year earlier. This marks a rise of 0.3% from the year earlier quarter. Revenue fell 2% to $7.85 billion from the year earlier quarter. GD beat the mean analyst estimate of $1.77 per share. It fell short of the average revenue estimate of $8.31 billion.

“General Dynamics continued to execute effectively in the third quarter,” said Jay L. Johnson, chairman and chief executive officer. “This solid operating performance reflects our ongoing focus on increasing efficiency, improving productivity and driving cost out of our businesses. Importantly, order activity in the quarter underscored the enduring nature of customer demand for our products and services.”

Competitors to Watch: Northrop Grumman Corp. (NYSE:NOC), Raytheon Company (NYSE:RTN), The Boeing Company (NYSE:BA), Lockheed Martin Corp. (NYSE:LMT), ITT Corporation (NYSE:ITT), FLIR Systems, Inc. (NASDAQ:FLIR), Rockwell Collins, Inc. (NYSE:COL), Alliant Techsystems Inc. (NYSE:ATK), Cubic Corporation (NYSE:CUB), and Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS).

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