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We're advancing defense tech for 21st Century Security. Milestones achieved in the last quarter of 2023 demonstrate our continued efforts to push innovation and keep our customers ahead of ready.
“Our solid finish to 2023 and full-year results reflect continued strong demand for our all-domain portfolio of advanced defense tech solutions. Backlog reached a record $160.6 billion and sales increased 2 percent year-over-year to $67.6 billion,” said Lockheed Martin Chairman, President and CEO Jim Taiclet. “In 2023 we invested $1.5 billion in research and development and an additional $1.7 billion of capital expenditures to create, accelerate and refine the development of innovative 21st Century Security capabilities. In line with our expectations, we generated $6.2 billion of free cash flow for the year, supporting strong free cash flow per share growth, and we returned over $9 billion to shareholders through dividends and share repurchases.