Lockheed Martin — Oct 22, 2024 release

As previously announced on Oct. 2, 2024, the company's board authorized the repurchase of its common stock up to an additional $3.0 billion, increasing the total authorization for potential future common stock repurchases to $10.3 billion. The stock repurchase program does not have an expiration date and may be amended or terminated by the board of directors at any time. The amount of shares ultimately purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and regulation. Additionally, on Oct. 2, 2024, the company authorized a fourth quarter dividend payment of $3.30 per share, representing an increase of $0.15 per share over the prior quarterly dividend payment. 4 Segment Results The company operates in four business segments organized based on the nature of products and services offered: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The following table presents summary operating results of the company's business segments and reconciles these amounts to the company's consolidated financial results. (in millions) Quarters Ended Nine Months Ended   Sept. 29, 2024 Sept. 24, 2023 Sept. 29, 2024 Sept. 24, 2023 Net sales     Aeronautics $ 6,487   $ 6,717  $ 20,609   $ 19,861  Missiles and Fire Control 3,175   2,939  9,270   8,082  Rotary and Mission Systems 4,367   4,121  13,003   11,528  Space 3,075   3,101  9,5