Lockheed Martin — Apr 22, 2025 release

  (in millions, except per share data) 2025 Outlook         Sales ~$73,750 - $74,750     Business segment operating profit 1 ~$8,100 - $8,200 Total FAS/CAS pension adjustment ~$1,125 Diluted earnings per share ~$27.00 - $27.30   Cash from operations ~$8,500 - $8,700 Capital expenditures ~$1,900 Free cash flow 1 ~$6,600 - $6,800 1 Business segment operating profit and free cash flow are non-GAAP measures. See the "Use of Non-GAAP Financial Measures" section of this news release for more information. 3 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   March 30, 2025 March 31, 2024 Sales     Aeronautics $ 7,057   $ 6,845  Missiles and Fire Control 3,373   2,993  Rotary and Mission Systems 4,328   4,088  Space 3,205   3,269  Total sales $ 17,963   $ 17,195  Operating profit     Aeronautics $ 720   $ 679  Missiles and Fire Control 465   311  Rotary and Mission Systems 521   430  Space 379   325  Total business segment operating profit 2,085   1,745  Unallocated items   FAS/CAS operating adjustment 379   406  Intangible asset amortization expense (64) (61) Other, net (28) (61) Total unallocated items 287   284  Total