(Finance) – Lockheed Martinthe largest military contractor in the world, has registered a sales of $ 15 billion in the first quarter of 2022, compared to $ 16.3 billion in the first quarter of 2021.Net income was $ 1.7 billion, or $ 6.44 per share, compared to $ 1.8 billion, or $ 6.56 per share, in the first quarter of 2021. Cash from operations was $ 1.4 billion in the first three months of 2022, up from $ 1.7 billion. dollars a year ago. The free cash flow was $ 1.1 billion, compared to $ 1.5 billion in the first quarter of 2021.
“Lockheed Martin had a solid start to the year by delivering margin expansion and free cash flow above our expectations despite the recent impacts of the year.wave of Covid about our operations and the supply chain. We remain confident in our direction for the rest of the year and in our growth prospects, ”said James Taiclet, president and CEO of Lockheed Martin.
“Global events this quarter marked a dramatic change in the geopolitical environment and demonstrated the enormous importance of effective deterrent to aggression by major states and mutual defense between the United States and its allies, “he added.