secwatch.observer — SEC 8-K summary
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Issuer:     LOCKHEED MARTIN CORP (LMT)
CIK:        0000936468
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001628280-25-035502
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936468/000162828025035502/0001628280-25-035502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936468/000162828025035502/lmt-20250722.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-035502

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer