Overview * Lockheed Martin Q3 sales rose to $18.61 bln, beating analysts' expectations * Net earnings for Q3 2025 were $1.6 bln, stable compared to Q3 2024 * Company increased share repurchase authority by $2 bln to $9 bln total Outlook * Lockheed Martin raises 2025 sales outlook to $74.25 bln – $74.75 bln * Company increases 2025 EPS forecast to $22.15 – $22.35 * Lockheed Martin increasing production capacity amid strong demand from U.S. and its allies, per CEO Jim Taiclet Result Drivers * F-35 PROGRAM – Increased sales due to higher production volume and contract delays resolution * RECORD BACKLOG – $179 bln backlog, amounting to more than two and a half years of sales, reflects strong demand from U.S. and allied customers * MAJOR CONTRACT AWARDS – CH-53K and PAC-3 MSE programs largest ever for respective segments Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Sales Beat $18.61 $18.55 bln bln (16 Analysts ) Q3 EPS $6.95 Q3 Net $1.60 Income bln Q3 Free $3.30 Cash bln Flow Analyst Coverage * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell" * The average consensus recommendation for the aerospace & defense peer group is "buy" * Wall Street's median 12-month price target for Lockheed Martin Corp is $522.50, about 3.2% above its October 20 closing price of $505.90 * The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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