Aeronautics sales increased 2% to $7.4 billion, driven by F-35 production but offset by classified program losses.
Free cash flow was negative $150 million in Q2, impacted by timing issues including delayed F-35 contract awards and tariffs.
GAAP EPS was $1.46, reduced by $5.83 due to program losses, impairments, and tax reserves.
Lockheed Martin reported $18.2 billion in sales for Q2 2025, comparable year-over-year and up sequentially from Q1.
Missiles and Fire Control sales grew 11% to $3.4 billion with a 6% increase in operating profit.
Rotary and Mission Systems sales declined 12% due to program losses and lower volumes in Seahawk and Canadian Surface Combatant programs.
Segment operating profit was $570 million, down significantly due to $1.6 billion in operational charges primarily from Skunk Works and Sikorsky programs.
Space sales increased 4% with a 5% rise in operating profit, driven by commercial civil space and strategic missile programs.
The company recognized $1.8 billion in losses related to legacy programs and a tax matter, impacting segment operating profit and EPS.
The company returned $1.3 billion to shareholders through dividends and share repurchases.