Looking to all of 2025, Lockheed Martin raised its guidance. Sales are now expected in the range of $74.25-$74.75 billion, up from $73.75-$74.75 billion previously. Business operating profit is targeted in the range of $6.675-$6.725 billion, up from $6.6-$6.7 billion previously. Diluted earnings per share for 2025 are expected in the range of $22.15-$22.35, up from $21.70-$22.00 previously. Cash from operations for the year is expected at $8.5 billion, while free cash flow is targeted at $6.6 billion. Lockheed Martin’s board authorized the repurchase of its common stock up to an additional $2 billion, increasing the total authorization for potential future stock buybacks to $9.1 billion. The company raised its dividend payment to $3.45 per share, up 5% over its prior quarterly dividend payout. We continue to like Lockheed Martin as a holding in the Dividend Growth Newsletter portfolio.
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