Lockheed Martin (LMT) Announces Multi-Year $14 Billion Share Repurchase Program and Dividend Rate Increase

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Go back to Lockheed Martin (LMT) Announces Multi-Year $14 Billion Share Repurchase Program and Dividend Rate Increase

Lockheed Martin Reports Third Quarter 2022 Financial Results

October 18, 2022 7:29 AM EDT

Net sales of $16.6 billion and net earnings of $1.8 billion, or $6.71 per shareCash from operations of $3.1 billion and free cash flow of $2.7 billionReturned $2.1 billion of cash to shareholders through share repurchases and dividendsIncreased share repurchase authority by $14.0 billionIncreased quarterly dividend rate 7% to $3.00 per shareIncreased backlog to $140 billionReaffirms 2022 financial outlook

BETHESDA, Md., Oct. 18, 2022 /PRNewswire/ -- Lockheed Martin Corporation [NYSE: LMT] today reported third quarter 2022 net sales of $16.6 billion, compared... More