Lockheed Martin Company (NYSE: LMT) Tuesday reported blended outcomes for the third quarter of 2024. The corporate elevated its quarterly dividend by 5%.
The aerospace firm reported third-quarter 2024 internet 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 movement got here in at $2.1 billion.
Third-quarter internet 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. The corporate raised its quarterly dividend by 5% to $3.30 per share.
“Within the third quarter, we superior our strategic, operational, and monetary priorities, as demonstrated by our report backlog of greater than $165 billion, 48 F-35 deliveries, elevated manufacturing on missile packages, and $2.1 billion of free money movement technology,” mentioned Lockheed Martin’s CEO Jim Taiclet.