Lockheed Martin Company (NYSE: LMT) Tuesday reported a year-over-year lower in web earnings for the third quarter of 2024, regardless of a modest enhance in revenues.
The aerospace firm reported third-quarter 2024 web gross sales of $17.1 billion, in comparison with $16.9 billion within the prior-year interval. Money from operations was $2.4 billion in Q3, whereas free money stream got here in at $2.1 billion.
Third-quarter web revenue was $1.62 billion or $6.80 per share, in comparison with $1.68 billion or $6.73 per share within the corresponding interval final 12 months.
“Within the third quarter, we superior our strategic, operational, and monetary priorities, as demonstrated by our document backlog of greater than $165 billion, 48 F-35 deliveries, elevated manufacturing on missile packages, and $2.1 billion of free money stream era,,” mentioned Lockheed Martin’s CEO Jim Taiclet.
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