April 22 - Shares of Lockheed Martin (LMT, Financial) climbed more than 3% in premarket trading on Tuesday after the defense giant delivered better-than-expected first-quarter results.
Revenue rose 4% year over year to $18 billion, driven by robust performance in the Missiles and Fire Control division. Net earnings totaled $1.7 billion, or $7.28 per share, up from $1.5 billion, or $6.39 per share, in the prior-year quarter.
The company's $173 billion backlog, equivalent to over two years of projected revenue, continues to support long-term sales visibility, underpinned by sustained global demand for F-35 jets and missile systems.
Lockheed Martin returned $1.5 billion to shareholders during the quarter through dividends and stock buybacks.
It also maintained its full-year 2025 outlook, guiding for around $74 billion in revenue and diluted EPS near $27.
