Lockheed Martin Announces Financial Results for Q4 and Full Year 2023

Details

The company reported net sales of $18.9 billion for Q4 2023 and $67.6 billion for the full year, with net earnings of $1.9 billion and $6.9 billion respectively. Free cash flow was $1.7 billion for Q4 2023 and $6.2 billion for the full year. The company also provided financial outlook for 2024, anticipating net sales between $68.5 billion and $70 billion.

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About Lockheed Martin Corporation

Lockheed Martin Corporation is a prominent player in the aerospace, defense, and security sectors, globally recognized for its advanced technology and innovation. Primarily engaged in the research, design, development, manufacture, and integration of advanced technology systems, Lockheed Martin plays a crucial role in supporting national and international security. The company's extensive portfolio includes aeronautics, rotary and mission systems, space systems, and missiles and fire control. Its aeronautics division is renowned for producing fighter jets like the F-35 Lightning II and the F-22 Raptor, while its space segment focuses on satellite systems and space exploration initiatives. Lockheed Martin serves a diverse clientele, including the U.S. Department of Defense, allied nations, civil markets, and commercial clients, leveraging its vast technological capabilities to enhance security and defense infrastructures. With a significant presence across the globe, Lockheed Martin Corporation not only fosters innovation in defense but also impacts critical areas such as cybersecurity, energy, and logistics, solidifying its integral role in the defense industry.