The company said net sales for Q3 2024 were $17.1 billion, up 1% from $16.9 billion a year earlier, and net earnings were $1.6 billion ($6.80 per share), compared with $1.7 billion ($6.73 per share) a year earlier.

1. 01

   The company said net sales for Q3 2024 were $17.1 billion, up 1% from $16.9 billion a year earlier, and net earnings were $1.6 billion ($6.80 per share), compared with $1.7 billion ($6.73 per share) a year earlier.

2. 02

   Lockheed Martin said negotiations on the F-35 Lots 18-19 contract are ongoing, and that it did not recognize revenue or profit on about $400 million of costs incurred as of Q3 2024 and was unable to invoice and collect about $450 million through Q3.

3. 03

   The company said operating cash flow for Q3 2024 was $2.4 billion (compared with $2.9 billion a year earlier) and free cash flow was $2.1 billion (compared with $2.5 billion a year earlier), and it cited a decrease in working capital as the reason for the decline.

4. 04

   The company said its board raised the share repurchase authorization by $3.0 billion to a total of $10.3 billion and approved a quarterly dividend of $3.30 per share for Q4, an increase of $0.15 from the prior quarter.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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