How did military & helicopter segment perform in Q3 2024?

The Military & Helicopter segment of Lockheed Martin Corp.'s Sikorsky Aircraft performed well in Q3 2024, as evidenced by several significant contract awards and strong order flow.

1. **Contract Awards and Revenues**:
- Sikorsky Aircraft secured a contract to support its CH-53K helicopter program, with the award valued at $20.1 million and another contract worth $38.9 million. A third contract was also secured to aid the VH-92A Patriot in-service helicopter program, with a value of $23.1 million. These contract awards are indicative of strong demand for Sikorsky's military helicopters.
- While specific revenue figures for Q3 2024 are not available, the contract awards suggest that the segment experienced increased revenues due to the recognition of these orders.

2. **Market Favorability**:
- The global military helicopter market is forecasted to grow at a compound annual growth rate (CAGR) of more than 2.9% from 2024 to 2030, driven by factors such as rising geopolitical tensions, increased defense spending, and the need for modernization of military fleets.
- Sikorsky's CH-53K King Stallion and VH-92A Patriot helicopters are designed to meet the demands of modern warfare, with advanced capabilities that drive demand for these aircraft.
3. **Financial Performance Indicators**:
- Lockheed Martin Corp.'s consolidated financial performance for Q3 2024, including the Military & Helicopter segment, showed improved profitability. The company reported a net margin of 11.6%, an increase of 170 basis points year-over-year.
- The adjusted operating margin improved by 210 basis points to 12.3%, reflecting enhanced business performance across all segments.
- Diluted net earnings per share increased by 32% to $1.74, and adjusted diluted net earnings per share rose by 39% to $1.91.

In conclusion, the Military & Helicopter segment of Lockheed Martin Corp.'s Sikorsky Aircraft performed robustly in Q3 2024, driven by significant contract awards, favorable market conditions, and improved financial performance indicators.