Lockheed Martin Corporation 1st Quarter 2023 Conference Call

1Q 2023 Earnings Per Share (EPS) Comparison GAAP EPS Adjusted EPS* $0.01 1Q Earnings Results Conference Call $6.44 $6.43 (+) Volume (-) Margin (-) FAS/CAS (-) Interest Expense (+) Reduced Share Count $6.61 $6.43 $0.18 LOCKHEED MARTIN 1Q 2022 1Q 2023 Favorable Volume and Share Count offset Margin, Pension and Interest Headwinds *See Charts 14 and 15 for Definitions of Non-GAAP Measures LO 5

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