Lockheed Delivers Steady Defense Profits as Boeing Burns Billions Ramping Production
Briefly

Lockheed Delivers Steady Defense Profits as Boeing Burns Billions Ramping Production
"Boeing's Q3 revenue hit $23.30 billion, beating estimates by $670 million and rising 30.6% year over year. The company delivered 160 commercial aircraft and generated $238 million in free cash flow after burning cash for quarters. CEO Kelly Ortberg called it "important milestones in our recovery" and highlighted FAA approval to increase 737 production to 42 per month. The quarter produced a $5.34 billion net loss and core EPS loss of $7.47, missing the expected $5.31 loss."
"Lockheed reported $6.95 EPS for Q3, beating the $6.35 estimate by 9.4%. That marked a strong recovery from Q2's shocking $1.46 EPS, which missed by $5.01. The defense contractor maintains a 5.73% profit margin, 11.7% operating margin, and 62.8% return on equity. It pays a $13.20 annual dividend yielding 2.95%. Simply Wall St described Lockheed as trading "at a noticeable discount to analyst targets" around $446.80 despite consistent revenue and profit growth."
Boeing reported Q3 revenue of $23.30 billion, up 30.6% year over year, delivered 160 commercial aircraft, and generated $238 million in free cash flow after prior cash burn. The company posted a $5.34 billion net loss and core EPS loss of $7.47, took a $4.9 billion charge on the 777X program, and has an operating margin of negative 20.4% with book value per share at negative $10.87. Boeing holds a $636 billion backlog covering over 5,900 commercial planes and received FAA approval to increase 737 production to 42 per month. Lockheed reported $6.95 EPS, maintained solid margins and return on equity, and pays a $13.20 annual dividend yielding 2.95%.
Read at 24/7 Wall St.
Unable to calculate read time
[
|
]