🔹 Revenue: $18.6B (Est. $18.5B) 🟢; +8.8% YoY
🔹 EPS: $6.95 (Est. $6.39) 🟢; +2% YoY
🔹 Backlog: $179.1B 🟢; +8.1% YoY
FY25 Guidance
🔹 Revenue: $74.25–$74.75B (Cons. $74.33B) 🟢
🔹 EPS: $22.15–$22.35 (Cons. $21.85) 🟢
🔹 Free Cash Flow: ~$6.6B; CFFO ~$8.5B
Q3 Segments
Aeronautics
🔹 Revenue $7.26B; +12% YoY
🔹 Profit $682M; +4% YoY
🔹 Margin 9.4% (-80 bps YoY)
Missiles & Fire Control (MFC)
🔹 Revenue $3.62B; +14% YoY
🔹 Profit $510M; +12% YoY
🔹 Margin 14.1% (-30 bps YoY)
Rotary & Mission Systems (RMS)
🔹 Revenue $4.37B; ~Flat YoY
🔹 Profit $506M; +5% YoY
🔹 Margin 11.6% (+50 bps YoY)
Space
🔹 Revenue $3.36B; +9% YoY
🔹 Profit $331M; +22% YoY
🔹 Margin 9.9% (+110 bps YoY)
Other Key Metrics
🔹 Free Cash Flow: $3.3B (CFFO $3.7B)
🔹 F-35 Deliveries: 46 in Q3
🔹 Capital Return: $1.8B (dividends + buybacks)
🔹 Profit booking rate adj.: +$365M to segment OP
Major Updates
🔹 Buyback auth +$2B → total $9.1B
🔹 Dividend raised 5% to $3.45/sh (23rd straight year)
🔹 F-35 Lots 18–19 contracts finalized early Q4; strong awards on CH-53K & PAC-3 MSE
CEO Commentary
🔸 “Record $179B backlog underscores customer trust and long-term growth.”
🔸 “We’re increasing production capacity across businesses to meet unprecedented demand.”
🔸 “Investing in digital tech and manufacturing to lead on integrated air & missile defense and space.”
