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Equilyse @equilyse1 on x XXX followers
Created: 2025-07-23 11:39:38 UTC
$LMT: Lockheed Martin—LMT—reported $18.2B in sales, but took a $1.8B hit from legacy program charges, impacting GAAP EPS, which landed at $1.46, reduced by $XXXX due to charges, impairments & a tax reserve. Despite this, sales guidance is reaffirmed at $73.75B-$74.75B, with backlog growth expected. EPS estimate lowered to $21.70-$22.
Charges stemmed from a classified Aeronautics program—$950M loss—plus CMHP & TUHP. LMT is enhancing program management & seeking contract restructuring. F-35 program remains strong with XX deliveries YTD & international demand solid, though FY26 budget requests show potential purchase reductions.
Missile defense is a bright spot—PAC-3 intercepted ballistic missiles, plus progress on hypersonics like ARROW. 2026 free cash flow could dip to $6B due to investments. The IRS is claiming LMT owes $4.6B in additional income tax. Company disagrees and is pursuing remedies through the IRS Independent Office of Appeals.
XX engagements
Related Topics lmt $950m $7475b $7375b tax bracket eps $18b $182b