Lockheed Martin Q2 sales $18.1B (+9% YoY), EPS $6.85; raises 2024 guidance

LOCKHEED MARTIN CORP

2024-Q2 EPS reported $13.24 revenue$35,317,000,000

Net sales $18.1B (+9% YoY); net earnings $1.6B, diluted EPS $6.85.
Cash from ops $1.9B; free cash flow $1.5B vs $771M year ago.
Raised 2024 outlook for sales, segment operating profit, and EPS.
Backlog ~$160B (>2x annual revenue); returned $1.6B to shareholders.
Delivered first F-35 TR-3; expects 75-110 deliveries in 2024.

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