Earnings: Lockheed Martin beat on earnings. Our consensus called for EPS of $2.81, and the company reported EPS of $2.82 (these figures take out stock option expenses).
Revenue: Revenues also surpassed expectations on higher fighter jets demand. Lockheed Martin posted revenues of $12.5 billion, compared to our consensus estimate of $11.9 billion.
Key Stats to Note: Lockheed Martin ended 2014 with $80.5 billion of backlog, down 2.5% from $82.6 billion as on Dec. 31, 2013.
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