Lockheed Martin reported $18.2 billion fiscal 2025 second-quarter sales, a total backlog of $166.5 billion and Q2 net earnings of $342 million, or $1.46 per share.
In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $201 million during the second quarter of 2025, down from the prior-year period’s $1.9 billion, primarily due to an increase in working capital.
Lockheed returned $1.3 billion to shareholders in the form of cash dividends and share repurchases. It also recognized $1.8 billion in total losses across legacy programs during the quarter.
At Tuesday’s quarterly earnings call, Jim Taiclet, chairman, president and CEO of Lockheed, cited the program charges taken during the quarter.
“We take these financial charges very seriously and are redoubling our focus on program management and performance under existing contracts across the company, while also ensuring that all future contracts more robustly assess and account for future program and technical risk,” noted Taiclet, a two-time Wash100 awardee.
CEO Jim Taiclet on Lockheed’s Position to Support Golden Dome
During the call, the Lockheed chief executive discussed how the company’s current systems and its experience as a mission integrator could help advance the Trump administration’s Golden Dome for America next-generation missile defense shield project.
“In addition to THAAD, PAC-3, and Aegis performing in combat, we also demonstrated our readiness in the missile warning and command and control technologies needed to make Golden Dome Homeland Defense System a reality,” Taiclet told analysts.
He mentioned a recent flight test with the Missile Defense Agency that demonstrated the capability of Lockheed’s long-range discrimination radar, or LRDR, in detecting and tracking a live ballistic missile threat.
“We can leverage this experience as well as our expertise in space satellite reconnaissance, tracking and communications, and the next generation interceptor to rapidly deliver homeland defense capabilities for Golden Dome,” the Lockheed official added.
Learn more about the Golden Dome initiative during a panel discussion at the Potomac Officers Club’s 2025 Air and Space Summit on July 31. Reserve your seat now!
Q2 2025 Financial Results of Lockheed Business Segments
Lockheed’s aeronautics business recorded $7.4 billion in Q2 sales, up 2 percent from the prior-year period. The company attributed the growth to higher sales of $470 million on the F-35 fighter jet program.
The missiles and fire control business saw its sales rise 11 percent to about $3.4 billion. The company associated the increase with higher sales recorded by tactical and strike missile programs due to the production ramp-up on the Long Range Anti-Ship Missile, Joint Air-to-Surface Standoff Missile and precision fire programs.
The rotary and mission systems segment’s Q2 sales dropped 12 percent to $3.9 billion due to lower net sales on Sikorsky helicopter programs and integrated warfare systems and sensors programs.
The space segment’s second-quarter sales climbed 4 percent to $3.3 billion. The company attributed the growth to an increase in sales on commercial civil space programs driven by higher volume on the Orion program and on strategic and missile defense programs due to higher volume on the Next Generation Interceptor and Fleet Ballistic Missile programs.
