Lockheed dodges Covid woes in Q2, but expects pandemic’s effects to increase

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Lockheed Martin Corp., one of metro Orlando’s biggest employers, largely was able to sidestep damaging impacts of the coronavirus pandemic in the second quarter — but, executives warned, beyond this point there may be monsters.

The Bethesda, Maryland-based defense giant beat high revenue estimates to log $16.2 billion for the quarter, a gain of 12% over the prior year, which executives attributed to successful mitigation techniques Lockheed (NYSE: LMT) deployed to limit Covid-19’s impact. Read more here.

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