(Telestock) – Lockheed Martinthe world’s largest military contractor, reported a net turnover of the second trimester 2024 equal to 18.1 billion dollars, compared to 16.7 billion dollars in the second quarter of 2023. The net profits were $1.6 billion, or $6.85 per share, compared to $1.7 billion, or $6.63 per share, in the second quarter of 2023. liquidity from operations was $1.9 billion in the second quarter of 2024, compared to $1.1 billion in the second quarter of 2023. The free cash flow was $1.5 billion in the second quarter of 2024, compared to $771 million in the second quarter of 2023.
“We delivered strong financial results in the second quarter, with year-over-year growth of 9% in sales and 10% in operating profit for the segment, and free cash flow generation of more than $1.5 billion,” said CEO Jim Taiclet. “Year-to-date performance gives us confidence to increase our prospects for the full year 2024 in terms of sales, operating profit and earnings per share. From an operational perspective, the F-35 remains a top priority and we recently delivered the first aircraft configured with Technology Refresh 3 to the customer and are anticipating 2024 deliveries to meet our projected range of 75-110 F-35s.”
The company expected for 2024 revenue of $70.5 billion to $71.5 billion, compared to the previous guidance of $68.5 billion to $70 billion. Earnings per share are now seen at $26.10 to $26.60, versus the April guidance of $25.65 to $26.35.