Lockheed Martin — Jan 29, 2026 release

“This notable start to 2026 reinforces our confidence in Lockheed Martin’s continued operational and financial growth in the year ahead. We expect sales and reported segment operating profit growth of approximately 5% and 25% year-over-year, respectively, and free cash flow between $6.5 to $6.8 billion, an increase compared to our prior expectation. With a strong emphasis on operational performance and clear alignment with our customers’ national defense priorities, we will continue to deliver superior, reliable capabilities to U.S. and Allied militaries to strengthen deterrence and provide overwhelming combat advantage, while providing strong results and value to our shareholders.” 1 Summary Financial Results The following table presents the company's summary financial results: (in millions, except per share data) Quarters Ended Dec. 31, Years Ended Dec. 31,   2025 2024 2025 2024 Sales $ 20,321   $ 18,622  $ 75,048   $ 71,043  Business segment operating profit 1,2 $ 2,058   $ 426  $ 6,743   $ 6,083  Unallocated items         FAS/CAS pension operating adjustment 380   406  1,518   1,624  Impairment and other charges 3 —   —  (66) (87) Intangible asset amortization expense (57) (64) (254) (247) Other, net (50) (72) (210) (360) Total unallocated items 273   270  988   930  Consolidated operating profit $ 2,331   $ 696  $ 7,731   $ 7,013  Net earnings 4 $ 1,344   $ 527  $ 5,017   $ 5,336  Diluted earnings per share 4 $ 5.80   $ 2.22  $ 21.49   $ 22.31  Cash from operations 5 $ 3,21