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Lockheed beats 2Q estimates; $5.58B advance fuels brighter outlook (access required)

Lockheed Martin Corp. raised its profit forecast weeks after a $5.58 billion down payment on the latest contract for its F-35 Lightning II fighter signaled the jet’s revenue potential. Earnings will be $12.30 to $12.60 a share this year, 15 cents more than previously forecast, the company said in a statement Tuesday as it reported second-quarter profit ...