Lockheed Martin released its results for Fourth Quarter (Q4) 2018, as well as for the full year of 2018. Lockheed Martin’s Space segment’s net sales in Q4 2018 increased $49 million, or 2 percent, compared to the same period in 2017. The increase was primarily attributable to higher net sales of approximately $25 million for the Orion program due to higher volume; about $15 million for strategic and missile defense programs due to higher volume. and about $15 million for government satellite programs due to higher volume.
As for for the entirety of 2018, Space’s net sales increased $203 million, or 2 percent, compared to 2017. The increase was primarily attributable to higher net sales of approximately $225 million for strategic and missile defense programs due to higher volume and about $65 million for the Orion program due to higher volume. These increases were partially offset by a decrease of approximately $70 million for commercial satellite programs due to lower volume and about $25 million for government satellite programs due to lower volume.
Space’s operating profit in Q4 2018 increased $9 million, or 4 percent, compared to the same period in 2017. Additionally, Space’s operating profit in 2018 increased $75 million, or 8 percent, compared to 2017.
