---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-035502"
form_type: "8-K"
ticker: "LMT"
cik: "0000936468"
company_name: "LOCKHEED MARTIN CORP"
filed_at: "2025-07-22T23:59:59+00:00"
generated_at: "2026-05-18T04:53:12.487195+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lockheed Martin Q2 net earnings down 79% to $1.46/share on $1.6B program losses

## Summary
- Q2 sales $18.2B (flat YoY); net earnings $342M ($1.46 diluted EPS) vs $1.6B ($6.85) in Q2 2024.
- Recorded $1.6B pre-tax program losses: $950M classified Aeronautics program, $570M Canadian helicopter, $95M Turkish helicopter.
- Also recorded $66M fixed-asset impairment (NGAD down-select) and $103M tax charge, impacting EPS by $5.83 combined.
- Cash from ops $201M; free cash flow -$150M vs $1.5B last year; returned $1.3B to shareholders.
- Reaffirming FY2025 sales and free cash flow guidance.

## SEC filing metadata
- accession: 0001628280-25-035502
- form_type: 8-K
- ticker: LMT
- cik: 0000936468
- company_name: LOCKHEED MARTIN CORP
- filed_at: 2025-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936468/000162828025035502/0001628280-25-035502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936468/000162828025035502/lmt-20250722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-035502
- JSON: https://secwatch.observer/filing/0001628280-25-035502.json
- Plain text: https://secwatch.observer/filing/0001628280-25-035502.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.