Lockheed Martin — Apr 23, 2026 release

  (in millions, except per share data) 2026 Outlook         Sales $77,500 - $80,000     Business segment operating profit 1 $8,425 - $8,675 Total FAS/CAS pension adjustment ~$1,365 Diluted earnings per share $29.35 - $30.25   Cash from operations $9,150 - $9,450 Capital expenditures $2,500 - $2,800 Free cash flow 1 $6,500 - $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 29, 2026 March 30, 2025 Sales Aeronautics $ 6,953   $ 7,057  Missiles and Fire Control 3,649   3,373  Rotary and Mission Systems 3,991   4,328  Space 3,428   3,205  Total sales $ 18,021   $ 17,963  Operating profit Aeronautics $ 619   $ 720  Missiles and Fire Control 500   465  Rotary and Mission Systems 423   521  Space 281   379  Total business segment operating profit 1,823   2,085  Unallocated items FAS/CAS operating adjustment 421   379  Intangible asset amortization expense (50) (64) Other, net (131) (28) Total unalloca