Lockheed Martin said net sales for 2024 increased to $71.0 billion from $67.6 billion in 2023, while net earnings for 2023 decreased to $5.3 billion, or $22.31 per share, from $6.9 billion, or $27.55 per share, in the prior year.

1. 01

   Lockheed Martin said net sales for 2024 increased to $71.0 billion from $67.6 billion in 2023, while net earnings for 2023 decreased to $5.3 billion, or $22.31 per share, from $6.9 billion, or $27.55 per share, in the prior year.

2. 02

   The company said it recognized pre-tax losses of $1.7 billion in Q4 and $2.0 billion for the full year associated with classified programs at Aeronautics and MFC, which impacted earnings per share by $5.45 and $6.16, respectively.

3. 03

   Lockheed Martin said cash from operations for 2024 was $7.0 billion and free cash flow was $5.3 billion, both after a pension contribution of $990 million. The company returned $6.8 billion to shareholders through dividends and share repurchases in the same year.

4. 04

   The company provided 2025 guidance of net sales of approximately $73,750 to $74,750 million, diluted earnings per share of approximately $27.00 to $27.30, and free cash flow of approximately $6,600 to $6,800 million. It said this outlook assumes timely adoption of fiscal 2025 appropriations bills and continued funding of the company's programs.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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