Lockheed Martin Corp (NYSE:LMT) reported second-quarter 2024 net sales growth of 9% year-over-year to $18.12 billion, above the consensus of $17.04 billion. Adjusted EPS of $7.11, up from $6.73 YoY, topped the consensus of $6.46. The gross margin contracted 77 bps to 11.8%. The operating profit was $2.148 billion, and the margin contracted by 94 bps to 11.9%. Aeronautics sales were $7.277 billion (+6% YoY), and the operating margin was 10.3%, down from 10.4% YoY. Missiles and Fire Control sales of $3.102 billion (+13% YoY); operating margin was 14.5%, up from 13.5% YoY. Rotary and Mission Systems sales of $4.548 billion (+17% YoY); operating margin 10.9%, down 70 bps. Space net sales of $3.195 billion (+1% YoY); operating margin 10.8%, up 90 bps. Lockheed Martin generated cash from operating ...