Lockheed Martin Reports Q2 Profit Drop
Lockheed Martin (NYSE:LMT), the major U.S. aerospace and defense contractor behind programs like the F-35 fighter jet, reported Q2 FY2025 earnings on July 22, 2025. The main news: GAAP profits dropped sharply as the company recorded heavy program losses and related charges. GAAP EPS was $1.46, falling well short of the $6.52 GAAP analyst estimate. Revenue was $18.2 billion, also missing the analyst revenue estimate of $18.57 billion, yet holding steady compared to the prior year. Management kept full-year sales and free cash flow guidance unchanged, but reduced its profit and EPS targets after the challenging quarter.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Lockheed Martin designs, manufactures, and services advanced technology systems, including military aircraft, missile defense systems, helicopters, and satellites. Its business is built around large, long-term contracts—mainly with the U.S. government, but also with international partners. Programs like the F-35 fighter jet, PAC-3 interceptors, and Orion spacecraft are central to its operations.
Source Fool.com
