The company reported Q2 2025 sales of $18.2 billion, net earnings of $342 million ($1.46 per diluted share), and said net earnings included $1.6 billion in program losses and $169 million in other charges. Net earnings for Q2 2024 were $1.6 billion ($6.85 per share).

1. 01

   The company reported Q2 2025 sales of $18.2 billion, net earnings of $342 million ($1.46 per diluted share), and said net earnings included $1.6 billion in program losses and $169 million in other charges. Net earnings for Q2 2024 were $1.6 billion ($6.85 per share).

2. 02

   Lockheed Martin said it recognized pretax losses of $950 million on the Aeronautics classified program, $570 million on CMHP and $95 million on TUHP in Q2. The company said design, integration and test challenges on the classified program had a greater impact on schedule and costs than it previously estimated.

3. 03

   The company said cash from operations was $201 million and free cash flow was $(150) million in Q2 2025, compared with $1.9 billion and $1.5 billion in Q2 2024. It cited an increase in working capital as the factor behind the decline.

4. 04

   The company said it set its 2025 business segment operating profit (non-GAAP) outlook at about $6,600 to $6,700 million, compared with about $8,100 to $8,200 million in its April 2025 outlook. Its full-year sales outlook of about $73,750 to $74,750 million is unchanged from April.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.