Lockheed Martin (LMT) remains positioned to achieve its 2025 guidance as its strong Q1 results are expected to help offset risks related to its F-35 aircraft, RBC Capital Markets said in a Tuesday note.
The company reported fiscal Q1 earnings Tuesday of $7.28 per diluted share, up from $6.39 a year earlier, as sales increased to $17.96 billion from $17.20 billion. Lockheed Martin also reiterated its 2025 outlook of $27 to $27.30 in EPS on $73.75 billion to $74.75 billion in sales.
According to RBC, Lockheed Martin also maintained its target to deliver 170 to 190 F-35 aircraft in 2025. RBC said it expects the company to see strong F-35 deliveries in 2025 to 2026 but noted that the program faces increased US Department of Defense risk.
The investment firm also noted that Lockheed Martin's missiles and fire control business segment remains a "strong positive" for the company, with significant revenue upside from increased production.
RBC Capital Markets maintained its sector perform rating on Lockheed Martin, with a price target of $480.
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