Lockheed Martin shares slide 5% on F-35 headwinds despite lifting profit and sales forecast
Defense contractor Lockheed Martin lifted its annual profit and sales forecasts on Tuesday, but shares slid 5% because the company's F-35 fighter jet program faced payment headwinds stemming from the government contracting process.
Lockheed sees higher sales on strong missile, radar orders
Lockheed Martin Corp. raised its outlook for the second time this year after sales of its missiles and radars were higher than expected in the third quarter.
Lockheed Martin Tops Q3 EPS Forecast
Third-quarter EPS of $6.80 beat expectations by 4.6%, driven by efficient cost management and improved margins. Key segments such as Missiles and Fire Control (MFC) achieved an 8% year-over-year uptick in net sales and a 15% boost in operating profits. The Rotary and Mission Systems (RMS) segment managed a 6% sales increase.
Lockheed Martin lifts profit, sales forecasts on strong demand for weapons
Defense contractor Lockheed Martin on Tuesday joined rival RTX in lifting annual profit and sales forecasts, driven by robust demand for military equipment amid escalating global tensions.
Lockheed Martin Raises Full-Year Profit Outlook as 3Q Sales Rise
Lockheed Martin raised its full-year earnings guidance after sales edged higher and its backlog hit a new high in the third quarter. The world's biggest military contractor posted net earnings of $1.6 billion, or $6.80 a share, compared with $1.7 billion, or $6.73 a share, in the same quarter last year.
Lockheed Martin Lifts Profit View
Lockheed Martin raised full-year earnings guidance after sales increased and its backlog hit a new high last quarter. The world's biggest military contractor recorded lower sales in its aeronautics and space businesses,
Lockheed Martin Lifts FY24 EPS View Above Market - Update
For fiscal 2024, the company now expects earnings per share of around $26.65, higher than previously expected $26.10 to $26.60. Analysts on average expect the company to report earnings of $26.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Lockheed Martin Delivered A Rock Solid Quarter. Now Investor Attention Turns To This.
Tuesday morning, Lockheed Martin reported third quarter earnings per share of $6.80. Wall Street was looking for about $6.50, ...
Why Lockheed Martin Stock Is Losing Ground Today
Lockheed Martin (NYSE: LMT) beat on earnings but missed on revenue because of F-35 delivery delays, and narrowed its ...
Lockheed Martin reports Q3 cash from operations of $2.4B; free cash flow $2.1B
EDT Lockheed Martin (LMT) reports Q3 cash from operations of $2.4B; free cash flow $2.1B Published first on TheFly – the ultimate ...
Benzinga.com5h
Lockheed Martin Raises Annual EPS Guidance But Struggles With Sales; Stock Slips
Lockheed Martin's Q3 net sales rose 1.3% to $17.104 billion, missing the $17.351 billion consensus. Adjusted EPS ...
What To Expect From Lockheed Martin’s Q3?
We expect the company to post mixed results, with revenue of $17.0 billion and earnings of $6.50 per share, compared to the ...
Investor's Business Daily on MSN3h
Lockheed Martin, RTX Lead Defense Earnings; These Names Near Buy Points
Lockheed Martin and RTX lead defense earnings early Tuesday. General Dynamics follows on Wednesday, with Northrop Grumman, ...
GovCon Wire6h
Maria Demaree Shares Lockheed Martin’s 3 Key IRAD Efforts
According to Demaree, Lockheed is focusing on three key initiatives to help better align the company’s IRAD efforts to its ...
The Aviationist6h
Lockheed Martin Executive Remotely Controls UH-60 Black Hawk from 300 Miles Away During Demo at AUSA Symposium
The flight simulated ‘contested logistics operations’ where a ground crew hooked up a sling load to the helicopter remotely controlled through the MATRIX ...