Lockheed Martin's official financial statements and earnings reports

Lockheed Martin Raises Profit Forecast to $26.65 Amid Surging Defense Demand

Oct 22, 2024, 11:19 AM

Lockheed Martin has raised its full-year profit forecast after reporting third-quarter earnings per share of $6.84, surpassing analysts' estimates of $6.50, driven by surging demand for military equipment amid escalating global tensions. The defense contractor now expects full-year EPS of $26.65, up from its previous guidance, and has adjusted its revenue outlook to $71.25 billion. Lockheed Martin's Q3 revenue was $17.1 billion, slightly below estimates, and its backlog increased to $165.69 billion, reflecting a 6.2% year-over-year growth.