Lockheed Martin Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net sales of $13,752 million against $11,520 million a year ago. Operating profit was $1,428 million against $1,100 million a year ago. Earnings from continuing operations before income taxes were $1,255 million against $982 million a year ago. Net earnings were $988 million against $933 million a year ago. Diluted earnings per common share were $3.35 against $3.01 a year ago. Cash from operations was $729 million compared to $1,364 million a year ago.

For the year, the company reported net sales of $47,248 million against $40,536 million a year ago. Operating profit was $5,549 million against $4,712 million a year ago. Earnings from continuing operations before income taxes were $4,886 million against $4,299 million a year ago. Net earnings were $5,302 million against $3,605 million a year ago. Diluted earnings per common share were $17.49 against $11.46 a year ago. Net cash provided by operating activities was $5,189 million against $5,101 million a year ago. Capital expenditures were $1,063 million against $939 million a year ago.

For the year 2017, the company net sales will be in the range of $49,400 million to $50,600 million. Consolidated operating profit will be in the range of $5,595 million to $5,715 million. Diluted earnings per share will be in the range of $12.25 to $12.55. Cash from operations will be greater than $5,700 million.