Lockheed continues to forecast per-share earnings between $27 and $27.20 for fiscal 2023 on expected revenue of $66.25 billion to $66.75 billion. The Street is looking for GAAP EPS of $27.14 and revenue of $66.64 billion for the year. It affirmed its free cash flow guidance of at least $6.2 billion. “Looking ahead, we’ll continue to pursue our strategy of building capacity, efficiency and resilience into our production operations, driving advanced digital technologies to enhance integrated deterrence through collaboration with our customers and tech and aerospace industry partners, and expanding our international business and operations,” according to Taiclet.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We adjust our 12-month target price to $450 from $475, 16.1x our 2024 EPS of $27.94 (reduced from $29.71; 2023 EPS forecast lowered by $0.01 to $27.15). LMT posted Q3 EPS of $6.77 vs. $6.87 (-1% Y/Y), beating consensus by $0.14. The Y/Y decline in EPS was driven by margin contraction across a number of LMT’s businesses, including Aeronautics, Rotary & Mission Systems, and Space. Sales grew 2% Y/Y, beating top-line expectations by about 1% on higher volumes in LMT’s tactical and strike missile programs, and for integrated warfare systems and sensors. Backlogs remain near historically high levels at $156 billion as global order rates remain supportive. LMT delivered 30 F-35s in Q3, leading to a 5% decline in sales within the Aeronautics segment. Despite a jump