Financial PerformanceLockheed Martin raised its full-year 2024 outlook for sales, segment operating profit, EPS, and free cash flow, signaling strong financial health and growth potential.
Market DemandThe record backlog of approximately $165.7 billion reflects strong demand and supports a positive outlook for Lockheed Martin's future revenue potential.
Strategic WinsLockheed Martin announced several large wins in the Missile and Fire Control segment, including a $1.3 billion award to the Javelin joint venture and a $4.1 billion Army award for GMLRS rockets, reinforcing its competitive position in the defense sector.