Lockheed Martin Corporation [NYSE: LMT] lost altitude in early Tuesday trading, as the plane maker today reported third-quarter 2025 sales of $18.6 billion, compared to $17.1 billion in the third quarter of 2024.
Net earnings in the third quarter of 2025 were $1.6 billion, or $6.95 per share, compared to $1.6 billion, or $6.80 per share, in the third quarter of 2024. Cash from operations was $3.7 billion in the third quarter of 2025, compared to $2.4 billion in the third quarter of 2024.
Free cash flow was $3.3 billion in the third quarter of 2025, compared to $2.1 billion in the third quarter of 2024.
Said CEO Jim Taiclet, "Based on the effectiveness and reliability of our products and systems, strong demand from Lockheed Martin's customers—both in the United States and among our allies—continues. As a result of this unprecedented demand, we are increasing production capacity significantly across a wide range of our lines of business,
"Our record $179-billion backlog—more than two and a half years of sales—underscores the trust our customers place in us and underpins our company's long term growth prospects.
Major contract awards for the CH 53K and PAC 3 MSE programs are the largest ever for our Rotary and Mission Systems and Missiles and Fire Control businesses, respectively.”
Shares in LMT ducked $2.58, or 0.5%, to $503.00.
