Lockheed Martin – the producer of the F-16, F-35 fighter jets and guided missiles has been a heavy supplier of weapons and other military equipment for Ukraine war. Lockheed Martin provided thousands guided missiles for High Mobility Artillery Rocket Systems (HIMARS), thousands Javelin ATGM and Stinger AAM missiles early in the assault.
Lockheed Martin reported adjusted earnings of $6.43 per share, unchanged from last year. GAAP earnings, excluding mark-to-market investment gains, rose 2.6% to $6.61 per share. Net sales ticked up to $15.126 billion from $14.96 billion.
Cash flow from operations were $1.56 billion with free cash flow of $1.27 billion.
Lockheed guided full-year earnings between $26.60 per share and $26.90 per share on $65 billion to $66 billion in net sales. For the year, analysts see earnings jumping 24% to $26.91 per share as revenue edges down 0.36% to $65.746 billion.Lockheed guided full-year earnings between $26.60 per share and $26.90 per share on $65 billion to $66 billion in net sales. For the year, analysts see earnings jumping 24% to $26.91 per share as revenue edges down 0.36% to $65.746 billion.
