Market Updates
Lockheed Reaffirms 2022 Outlook, Net Down 5.6%
Scott Peters
19 Apr, 2022
New York City
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Lockheed Martin reported first quarter 2022 revenues declined 8% to $15 billion, net income fell 5.6% to $1.7 billion, and earnings per share dropped to $6.44 from $6.56 a year ago. The aerospace and defense contractor guided 2022 free cash flow of at least $6 billion. In the quarter, the company spent $2 billion to repurchase 4.7 million shares and paid $767 million in cash dividends.
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