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• | Net sales of $14.3 billion |
• | Net earnings of $1.5 billion, or $5.14 per share |
• | Increased quarterly dividend rate to $2.20 per share |
• | Increased share repurchase authority by $1.0 billion |
• | Achieved backlog of $109 billion |
• | Updates 2018 financial outlook and provides financial trend information for 2019 |
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Therefore, any business deterioration, contract cancellations or terminations, or negative changes in market factors could cause our sales, earnings and cash flows to decline below current projections.
The increase in cash used for changes in working capital was largely driven by the timing of revenue recognized in excess of cash collections primarily the F-35 program and Sikorsky.
Operating profit increased approximately $155 million for the F-35 program primarily due to increased volume on higher margin production contracts and new development activities, better performance on sustainment, and higher risk retirements on production contracts.
Operating profit increased approximately $245 million for the F-35 program primarily due to increased volume on higher margin production contracts and new development activities, better performance on sustainment, and higher risk retirements on production and sustainment contracts.
Operating profit in 2018 is expected to increase in the high-single digit percentage range as compared to 2017 driven by improved performance in our government satellites business and higher launch volume and profitability for ULA.
The total remaining authorization for...Read more
Unfavorable items may include the...Read more
Adjustments not related to volume,...Read more
Adjustments not related to volume,...Read more
Adjustments not related to volume,...Read more
Adjustments not related to volume,...Read more
Adjustments not related to volume,...Read more
Our consolidated net adjustments not...Read more
Adjustments not related to volume,...Read more
Net cash used for investing...Read more
Based on our assessment of...Read more
The net FASCAS pension adjustment...Read more
The decrease for the quarter...Read more
The rates for both periods...Read more
Operating profit is expected to...Read more
We will finalize the postretirement...Read more
We have generated strong operating...Read more
We currently expect MFCs 2018...Read more
These charges consist of $75...Read more
This increase was partially offset...Read more
As a result, operating profit...Read more
However, based on the losses...Read more
impairment charge recorded in the...Read more
Operating profit margin is expected...Read more
These programs remain developmental and...Read more
Operating profit increased approximately $80...Read more
Higher product sales at MFC...Read more
The increase in service sales...Read more
The increase in service sales...Read more
The increase was primarily attributable...Read more
Segment operating profit is expected...Read more
The increase was primarily attributable...Read more
As a result, operating profit...Read more
The projected growth is driven...Read more
The initial profit booking rate...Read more
The increase in service sales...Read more
The increase in service sales...Read more
Therefore, any business deterioration, contract...Read more
In April, we completed the...Read more
We have a balanced cash...Read more
Higher service sales at RMS...Read more
Higher service sales at RMS...Read more
Other non-operating expense, net decreased...Read more
Operating profit is expected to...Read more
The increase in service sales...Read more
The increase in service sales...Read more
Favorable items may include the...Read more
Additionally, our Sikorsky business has...Read more
Our effective income tax rates...Read more
The increase at MFC was...Read more
The rate for the quarter...Read more
Effective August 24, 2018, we...Read more
Service sales increased $687 million,...Read more
Service sales increased $1.3 billion,...Read more
At the outset of a...Read more
However, the possibility remains that...Read more
There were no commercial paper...Read more
We currently expect Aeronautics 2018...Read more
In addition, effective January 1,...Read more
The increase in product sales...Read more
The increase in product sales...Read more
Total equity earnings recognized by...Read more
There were no borrowings outstanding...Read more
The increase was primarily attributable...Read more
Our contracts generally allow for...Read more
On the other program, we...Read more
We have periodically revised our...Read more
Consistent with that strategy, we...Read more
Product sales increased $1.3 billion,...Read more
Product sales increased $2.0 billion,...Read more
Aeronautics net sales during the...Read more
Aeronautics net sales during the...Read more
MFCs net sales during the...Read more
MFCs net sales during the...Read more
RMS net sales during the...Read more
RMS net sales during the...Read more
Spaces net sales during the...Read more
Spaces net sales during the...Read more
We currently expect 2018 net...Read more
Operating profit of the business...Read more
The increase was primarily attributable...Read more
The increase was primarily attributable...Read more
The operating portion of the...Read more
MFCs operating profit during the...Read more
MFCs operating profit during the...Read more
RMS operating profit during the...Read more
RMS operating profit during the...Read more
Spaces operating profit during the...Read more
Spaces operating profit during the...Read more
The amount of net deferred...Read more
The increase at RMS was...Read more
The increase at RMS was...Read more
We expect our 2019 net...Read more
Aeronautics operating profit during the...Read more
Aeronautics operating profit during the...Read more
We regularly provide customers with...Read more
Higher product sales at Aeronautics...Read more
Higher products sales at Aeronautics...Read more
During the first six months...Read more
For the eleventh consecutive year,...Read more
Increases or decreases in profit...Read more
Cost of sales, for both...Read more
Similarly, market factors utilized in...Read more
Profit booking rates may increase...Read more
As currently enacted, the Budget...Read more
Effective January 1, 2018, we...Read more
Effective January 1, 2018, we...Read more
The preliminary outlook for 2019...Read more
See our Capital Resources section...Read more
Conversely, our profit booking rates...Read more
We also incur capital expenditures...Read more
The increase in service costs...Read more
The increase in service costs...Read more
Operating profit increased approximately $170...Read more
We expect the net 2019...Read more
These increases were partially offset...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Lockheed Martin Corp provided additional information to their SEC Filing as exhibits
Ticker: LMT
CIK: 936468
Form Type: 10-Q Quarterly Report
Accession Number: 0000936468-18-000067
Submitted to the SEC: Thu Oct 25 2018 1:21:51 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Guided Missiles And Space Vehicles And Parts