Lockheed Martin Corp. (NYSE:LMT) shares slipped Tuesday even after the defense contractor posted third-quarter 2025 results that beat Wall Street expectations and raised its full-year outlook.

Strong Q3 2025 Financial Performance

Earnings per share were $6.95, exceeding the $6.35 estimate and rising from $6.80 a year earlier. Sales increased 9% year over year to $18.609 billion, edging past the $18.556 billion estimate and reflecting sustained demand across key defense and aerospace programs.

Net earnings totaled $1.6 billion, in line with the prior-year period. Cash from operations jumped to $3.7 billion from $2.4 billion, while free cash flow climbed to $3.3 billion from $2.1 billion.

Also Read: Lockheed Martin, Microsoft, Meta, Google, Amazon And Palantir Join Trump’s Lavish White House Dinner To Fund His $250 Million Ballroom

Record Backlog and Segment Revenue Highlights

The company ended the quarter with a record ...