$LMT (+0,13 %) today reported revenue of $18.6 billion in the third quarter of 2025, compared to $17.1 billion in the third quarter of 2024. Net income in the third quarter of 2025 was $1.6 billion, or $6.95 per share, compared to $1.6 billion, or $6.80 per share, in the third quarter of 2024. Cash flow from operating activities amounted to USD 3.7 billion in the third quarter of 2025, compared to USD 2.4 billion in the third quarter of 2024. Free cash flow amounted to USD 3.3 billion in the third quarter of 2025, compared to USD 2.1 billion in the third quarter of 2024.
The Company's cash activities in the quarter ended September 28, 2025 included the following
- Payment of cash dividends totaling $765 million;
- Payment of USD 1.0 billion for the repurchase of 2.3 million shares;
- Repayment of commercial paper in the amount of USD 1.4 billion; and
- Net proceeds from the issue of debt securities in the amount of USD 1,985 million.
As previously announced on October 9, 2025, the Company's Board of Directors authorized the repurchase of up to USD 2.0 billion of its common stock, bringing the total authorization for potential future common stock repurchases to USD 9.1 billion. The share repurchase program has no expiration date and may be amended or terminated by the Board of Directors at any time. The amount of shares ultimately purchased and the timing of purchases are at the discretion of management and are subject to compliance with applicable laws and regulations.
In addition, on October 9, 2025, the Company approved a dividend payment of $3.45 per share for the fourth quarter, an increase of $0.15 per share, or 5%, over the previous quarterly dividend payment.
