Record High Backlog
Lockheed Martin Corporation achieved a record-high backlog of $179 billion, driven by significant contract wins across various segments, ensuring visibility into future production.
Strong Financial Performance
Sales increased 9% year-over-year to $18.6 billion, with segment operating profit up 9% to $2 billion, maintaining strong margins despite challenging conditions.
Significant Contract Wins
Multi-year awards for PAC-3, JASSM LARASM, and CH-53K totaled $30 billion, with additional F-35 Lot 18 and 19 contracts adding $11 billion.
Increased Shareholder Returns
The Board approved a 5% increase in the quarterly dividend, marking the 23rd consecutive year of dividend increases, alongside increased share repurchase authorization.
Positive Outlook for 2025
Updated outlook for 2025 with increased expectations for sales, operating profit, and EPS, projecting a mid-single-digit top-line growth and $6.6 billion in free cash flow.