Lockheed Martin Corporation revealed on Tuesday that its net sales in the first quarter of 2025 landed at $18 billion, rising by 4.7% compared to the same period a year before. The figure came slightly above estimates. The arms industry behemoth's net earnings rose 13.3% annually to $1.7 billion, while diluted earnings per share (EPS) rose 13.9% to $7.28, up from $6.39 in 2024.
"These solid first quarter results reinforce confidence in our ability to achieve the full year 2025 financial guidance we laid out in January, demonstrating the resilience and adaptability of Lockheed Martin's franchises amidst a highly dynamic geopolitical and technical environment," Lockheed Martin CEO Jim Taiclet commented on the results.
According to the release, the company expects full-year sales to land between $73.75 and $74.75 billion. Lockheed Martin's shares went up 2.98% in the premarket following the release of the report to go for $472 at 7:40 am ET.
