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2021 was a year of mixed fortunes for defense manufacturer Lockheed Martin. Net income dropped 8% to $6.3 billion, as earnings took a hit when the company had to fund a pension settlement charge of $1.7 billion during the third quarter. But Lockheed Martin was still able to bump up net sales for the year by 2.5%, largely driven by deliveries of 142 F-35 combat aircraft, up from 120 the previous year. The F-35 accounts for around one-quarter of the company’s revenue.
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