Lockheed Martin reported net earnings of $1.7 billion ($7.28 per share) for the quarter ended March 30, 2025, compared to $1.5 billion ($6.39 per share) in the same period of the prior year. The company said earnings per share benefited from a net decrease of approximately 6.3 million weighted average common shares outstanding during the quarter, resulting from share repurchases, partially offset by share issuance under stock-based awards and certain defined contribution plans.

1. 01

   Lockheed Martin reported net earnings of $1.7 billion ($7.28 per share) for the quarter ended March 30, 2025, compared to $1.5 billion ($6.39 per share) in the same period of the prior year. The company said earnings per share benefited from a net decrease of approximately 6.3 million weighted average common shares outstanding during the quarter, resulting from share repurchases, partially offset by share issuance under stock-based awards and certain defined contribution plans.

2. 02

   Lockheed Martin said MFC sales for the quarter ended March 30, 2025 increased $380 million (13%) compared to the same period in the prior year, and operating profit increased $154 million (50%). The company cited an increase in profit booking rate adjustments of $135 million and production ramp-up of $25 million as factors for the operating profit increase.

3. 03

   Lockheed Martin said operating cash flow for the quarter ended March 30, 2025 decreased $226 million compared to the same period in the prior year, and free cash flow decreased $302 million. The company cited increases in contract assets, insurance costs and software expenditures as factors.

4. 04

   On March 26, 2025, the U.S. Air Force selected a competitor for the Next Generation Air Dominance (NGAD) competition, Lockheed Martin said. The company is currently evaluating the potential effect of this decision on its business operations, including assessing the recoverability of certain assets and other costs.

Key figures

Quarter ended March 30, 2025

Revenue

$18.0B

Operating income

$2.4B

Net income

$1.7B

EPS

$7.28

Gross profit

$2.3B

Operating cash flow

$1.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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