Lockheed Martin (LMT) Q2 2025 Earnings Transcript
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Lockheed Martin's (NYSE:LMT) quarter was defined by significant program charges, driving down operating profit, GAAP earnings per share, and 2026 free cash flow projections. The Aeronautics classified program, Canadian Maritime Helicopter Program, and Turkish Utility Helicopter Program were identified as major sources of risk, resulting in material contract loss recognitions (GAAP). Management highlighted aggressive oversight reforms and customer engagement on problematic programs but acknowledged the persistence of fixed-price risks over multiple years. The company reported robust underlying demand and showcased the combat performance of flagship systems such as F-35, PAC-3, and THAAD, supporting management’s reaffirmed full-year sales guidance of $73.75 billion to $74.75 billion and backlog growth expectations for 2025.
Source Fool.com
