Lockheed Martin Analyst Spotlights Revenue, Free Cash Flow, Cautious About Conservative Growth Outlook

Lockheed Martin Corp. (NYSE:LMT) reported mixed third-quarter results before Tuesday's opening bell, missing the consensus revenue estimate, but beating consensus on the bottom line. RBC Capital Markets analyst Ken Herbert offered insights into the defense contractor's report. 

The Details: Herbert highlighted Lockheed Martin's ​​Missiles and Fire Control (MFC) segment which delivered 8% revenue growth year-over-year with operating income in the segment up 15%. The MFC segment led sales and operating profit growth and the RBC analyst saw the segment as a "highlight for the potential outlook into 2025."

RBC highlighted the company's free cash flow of $2.1 billion for the ...