Lockheed Martin Q3 sales $16.6B, net earnings $1.8B ($6.71 EPS); raises dividend 7% to $3.00

LOCKHEED MARTIN CORP

2022-Q3 EPS reported $14.31 revenue$46,993,000,000

Net sales $16.6B (+3.8% YoY); net earnings $1.8B ($6.71 diluted EPS) vs $614M ($2.21) in Q3 2021.
Adjusted EPS $6.87; cash from operations $3.1B, free cash flow $2.7B.
Increased quarterly dividend 7% to $3.00/share; added $14B to share repurchase authority.
Backlog grew to $140B; reaffirmed full-year 2022 financial outlook.

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