Lockheed Martin Corp. (NYSE: LMT) on Tuesday reported third quarter net earnings of $1.6 billion, or $6.95 per share, compared to $1.6 billion, or $6.80 a share, in the third quarter of 2024.
Lockheed Martin, a defense contractor based in Bethesda, Maryland, operates a Syracuse–area plant in the town of Salina and a plant in Owego in Tioga County. It employs a total of 5,100 people at those two Central New York facilities, according to the latest data the company submitted to CNYBJ Research.
The global defense technology company reported sales of $18.6 billion in this year’s third quarter, up about 9 percent from $17.1 billion in the year-ago earnings period.
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In its earnings announcement, Lockheed Martin also said its cash from operations was $3.7 billion in the third quarter of 2025, compared to $2.4 billion for the third quarter of 2024. Free cash flow was $3.3 billion in this year’s third quarter, compared to $2.1 billion in the year-prior period.
Lockheed Martin’s top executive was upbeat about the aerospace company’s outlook.
“Looking ahead, we are investing aggressively in both new digital technologies and physical production capacity needed to meet the top defense priorities of the United States and its allies — and we are doing so in partnership with a number of leading technology partners, large and small. Major national defense initiatives like the Golden Dome for America demand proven leadership in a wide range of skills, including integrated air and missile defense, space warfare and highly secure command and control systems,” Lockheed Martin Chairman, President, and CEO Jim Taiclet said in the earnings report. “Lockheed Martin is the capable leader and integrator across industry for these types of initiatives. Moreover, our disciplined capital deployment continues to provide robust, reliable rewards for our shareholders, highlighted by 23 consecutive years of dividend increases. Together, these results reflect a company built for performance today and poised for growth tomorrow.”
Following the earnings report, Lockheed’s stock price fell 3.2 percent on Monday and another 0.5 percent on Tuesday.
