Lockheed Martin reported its first quarter earnings for 2024, surpassing expectations with an adjusted EPS of $6.33 against estimates of $5.78 and revenue of $17.2 billion, exceeding the forecast of $15.97 billion. The company also confirmed its full-year guidance, expecting EPS to range between $25.65 and $26.35, and net sales to be between $68.50 billion and $70.00 billion. Additionally, Lockheed Martin's backlog has increased to $159.4 billion, up from $145.1 billion in the same quarter last year, indicating strong defense demand. The company maintains a market cap of $110.95 billion and forecasts a cash flow from operations between $7.75 billion and $8.05 billion for the fiscal year.