WASHINGTON - Lockheed Martin Rotary and Missions Systems, Owego, New York, is awarded a $18.7 million modification (P00003) to a firm-fixed-price order (N0001924F1883) against a previously issued basic ordering agreement (N0001923G0002). This modification exercises options to procure 24 digital magnetic anomaly detection (MAD) kits and associated hardware for the Navy as well as provide associated program management support.

Work will be performed in Owego, New York and is expected to be completed in April 2027. Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

Source: U.S. Navy
Associated URL: http://www.defense.gov

WASHINGTON - Raytheon, Andover Massachusetts, was awarded a $1 billion modification (P00013) to contract W31P4Q-24-C-0024 for Year Two requirements for Lower Tier Air and Missile Defense (LTAMDS) Sensor production.

Work will be performed in Andover, Massachusetts, with an estimated completion date of March 31, 2030. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity.

Source: U.S. Army
Associated URL: http://www.defense.gov

BETHESDA, Md. -- For the fourth quarter of 2025, Lockheed Martin reported sales of $20.3 billion, an increase from $18.6 billion in the same period the previous year. Net earnings for the quarter reached $1.3 billion, compared to $527 million in the fourth quarter of 2024. For the full year, the company recorded total sales of $75.0 billion, a 6 percent increase over 2024.

The company ended 2025 with a record backlog of $194 billion. Performance in the fourth quarter was supported by increased demand for defense systems, following a year where the company invested more than $3.5 billion into production capacity and new technologies. Management indicated that the 2026 outlook includes expected sales growth of approximately 5 percent and free cash flow between $6.5 billion and $6.8 billion.

Cash from operations in the fourth quarter totaled $3.2 billion, while free cash flow was $2.8 billion. These figures followed an $860 million pension contribution. Full-year net earnings were $5.0 billion, which included a $479 million pension settlement charge.

INDUSTRY SEGMENTS

Aeronautics

Fourth quarter 2025 sales in the Aeronautics segment rose to $7.7 billion from $7.2 billion in 2024. The increase was primarily driven by higher volume on the F-35 program. Operating profit for the segment was $795 million, compared to $695 million in the prior year period. For the full year, the segment recognized $950 million in losses related to a classified program.

Missiles and Fire Control

Sales for the Missiles and Fire Control segment reached $3.3 billion in the fourth quarter, up from $3.0 billion in 2024. The growth was attributed to increased production of tactical missiles and integrated air and missile defense systems. Operating profit for the quarter was $450 million. This follows a 2024 fourth quarter that included $1.3 billion in losses on classified programs.

Rotary and Mission Systems

Fourth quarter 2025 sales increased to $4.8 billion from $4.4 billion in 2024. The growth was driven by higher volume in integrated warfare systems and sensors. Operating profit for the segment was $510 million. During 2025, the segment recorded $665 million in program losses related to helicopter initiatives.

Space

Sales in the Space segment for the fourth quarter totaled $3.5 billion, compared to $3.0 billion in the fourth quarter of 2024. The increase was largely due to higher volume on strategic and missile defense programs and national security space projects. Operating profit for the segment rose to $303 million from $255 million in the prior year period.

Source: Forecast International
Associated URL: https://www.lockheedmartin.com/