- Net earnings of $933M, or $3.01 per share vs. $904M, or $2.82 per share, in the same quarter a year ago.
- Sales by segment: Aeronautics +6%; Information Systems -6.3%; Missiles and Fire Control +0.75%; Mission Systems and Training +13.6%; Space Systems -8%.
- Cash from operations $1.4B; Capex $439M; Repurchased 3.2M shares.
- The company has agreed to separate and combine its realigned Information Systems & Global Solutions business segment with Leidos (NYSE:LDOS), unlocking $5B in estimated enterprise value for Lockheed shareholders.
- "The successful closure of the Sikorsky acquisition and completion of the strategic review of our IS&GS businesses, coupled with our record backlog, position the corporation for future growth and value creation for our customers and our stockholders," CEO Marillyn Hewson declared.
- Financial outlook for 2016: Diluted earnings per share of $11.45-$11.75, on net sales of $49.5B-$51B.
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LMT +0.8% premarket
- Q4 results