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U.S. COMPANY FILING

LOCKHEED MARTIN CORP — Form 10-Q filed 2025-10-21

Filed: 2025-10-21Company: LOCKHEED MARTIN CORPTicker: LMTExchange: NYSEForm: 10-QReport period: 2025-09-28SEC accession: 0001628280-25-045693Event: earningsMateriality: 85

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Lockheed Martin's Q3 2025 sales rose 8.8% to $18.61 billion, with net earnings of $1.62 billion ($6.95 per share). Nine-month sales increased to $54.73 billion, but net earnings fell 23.6% to $3.67 billion due to program losses and impairments. Challenges include a $950 million loss on a classified program, CMHP and TUHP losses, a $4.6 billion IRS tax dispute, and $350 million tariff impact. Positives include a $2 billion share repurchase increase and a dividend hike. The company faces risks from government shutdown and program reviews.

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