Lockheed Martin Q1 Earnings Hit by F-16 and C-130 Delays
Lockheed Martin reported a decline in first-quarter earnings, with net income falling to $1.5 billion from $1.7 billion in the same period last year. The company attributed the drop to delays in its F-16 and C-130 programs, which weighed on overall financial performance. Free cash flow turned negative, reaching -$291 million, compared to positive cash flow a year earlier. The defense contractor faces ongoing supply chain and production challenges affecting these key aircraft lines.
Key facts
- Net earnings dropped to $1.5 billion from $1.7 billion year-over-year.
- Free cash flow swung to negative $291 million.
- Delays in F-16 and C-130 programs impacted earnings.
- Report covers Q1 2026 results.
- Lockheed Martin is a major US defense contractor.
- The company cited supply chain and production issues.
- Earnings decline represents a $200 million decrease.
- Negative free cash flow contrasts with prior year positive.
Entities
Institutions
- Lockheed Martin
Sources
- Quartz —