Lockheed Martin Q3 2024 Earnings: A Deep Dive into Financial Performance
Overview of Lockheed Martin's Q3 2024 Performance
Lockheed Martin Corporation (NYSE: LMT) has reported its financial results for the third quarter of 2024, reflecting a mixed yet solid performance in the aerospace and defense sectors.
Key Financial Metrics
- Net Sales: $17.1 billion, up from $16.9 billion in Q3 2023.
- Net Profit: $1.62 billion, or $6.80 per share, compared to $1.68 billion, or $6.73 per share, last year.
- Free Cash Flow: $2.1 billion generated in Q3.
Strategic Developments
Lockheed Martin's CEO, Jim Taiclet, emphasized, "In the third quarter, we advanced our strategic, operational, and financial priorities, as demonstrated by our record backlog of more than $165 billion, 48 F-35 deliveries, and increased production on missile programs."
Dividend Announcement
- Quarterly dividend increased by 5% to $3.30 per share.
The full financial report will be updated shortly, including visual data representations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.