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Lockheed profit dives 80% on $1.6 billion charge, shares tumble
MONTGOMERY COUNTY, MARYLAND, JUL 22 – Lockheed Martin posted a net income drop to $342 million due to $1.6 billion in charges from cost overruns and program issues, revising down its full-year earnings guidance.
- Lockheed Martin reported an 80% drop in profits for Q2 FY2025, posting GAAP earnings per share of $1.46, significantly below the analyst estimate of $6.52.
- The company recorded $1.6 billion in pre-tax losses, including a $950 million loss from a classified program and additional losses from two helicopter programs.
- Management maintained full-year sales and free cash flow targets but lowered profit and EPS guidance due to the challenging quarter.
- Revenue for the quarter was $18.2 billion, below the $18.57 billion estimated by analysts, although it remained steady compared to the previous year.
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Lockheed takes $950M loss on classified program in second quarter
Lockheed Martin logged a $1.8 billion loss in the second quarter of 2025, $950 million of which came from a "critical" classified aeronautics program, company CEO Jim Taiclet told investors today. “This particular program team discovered new insights in the quarter that required us to adjust our expected future costs on that program and then recognize the charge for doing so,” Taiclet said during a call with shareholders to discuss Lockheed’s se…
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