Lockheed Martin — Jul 23, 2026 release

Refer to the “Forward-Looking Statements” section contained in this press release and Form 10-Q for factors that may impact the company’s ability to achieve guidance or meet expectations.   (in millions, except per share data) Current Update April 2026         Sales ~$79,750 - $81,750 $77,500 - $80,000     Business segment operating profit 1 ~$8,500 - $8,700 $8,425 - $8,675 Total FAS/CAS pension adjustment ~$1,365 ~$1,365 Diluted earnings per share ~$29.95 - $30.65 $29.35 - $30.25   Cash from operations ~$9,200 - $9,400 $9,150 - $9,450 Capital expenditures ~$2,000 - $2,400 $2,500 - $2,800 Free cash flow 1 ~$7,000 - $7,200 $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 (in millions) Quarters Ended Six Months Ended   June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Sales     Aeronautics $ 8,112   $ 7,420  $ 15,065   $ 14,477  Missiles and Fire Control 4,101   3,433  7,750   6,806  Rotary and Mission Systems 4,354   3,995  8,345   8,323  Space 3,496   3,307  6,924   6,512  Total sales $ 20,063   $ 18,155  $ 38,084   $ 36,118  Operating profit (loss)     Aeronautics $ 760   $ (98) $ 1,379   $ 622  Missiles and Fire Control 594   479  1,094   944  Rotary and Mission Systems 437   (172) 860   349  Space 371   362  652   741  Total business segment operating profit 2,162   571  3,985   2,656  Unallocate