v3.25.2
Revenue (Tables)
 6 Months Ended
Jun. 29, 2025
Revenue Recognition [Abstract]  
Schedule of Impact of Adjustments in Contract Estimates The aggregate impact of adjustments in contract estimates increased our revenue, operating earnings and diluted earnings per share as follows:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Revenue$55 $92 $133 $149 
Operating earnings31 77 62 113 
Diluted earnings per share$0.09 $0.22 $0.18 $0.32 
Revenue by Major Product Line
Revenue by major products and services was as follows:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Aircraft manufacturing$2,129 $2,067 $4,297 $3,328 
Aircraft services933 873 1,791 1,696 
Total Aerospace3,062 2,940 6,088 5,024 
Nuclear-powered submarines3,268 2,460 5,888 4,866 
Surface ships660 713 1,370 1,365 
Repair and other services292 280 551 553 
Total Marine Systems4,220 3,453 7,809 6,784 
Military vehicles1,284 1,321 2,499 2,555 
Weapons systems, armament and munitions726 725 1,427 1,375 
Engineering and other services273 242 533 460 
Total Combat Systems2,283 2,288 4,459 4,390 
Information technology (IT) services2,319 2,172 4,683 4,336 
C5ISR* solutions1,157 1,123 2,225 2,173 
Total Technologies3,476 3,295 6,908 6,509 
Total revenue$13,041 $11,976 $25,264 $22,707 
*Command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance
Revenue by Contract Type
Revenue by contract type was as follows:
Three Months Ended June 29, 2025AerospaceMarine SystemsCombat SystemsTechnologiesTotal
Revenue
Fixed-price$2,806 $2,277 $1,953 $1,441 $8,477 
Cost-reimbursement— 1,940 317 1,543 3,800 
Time-and-materials256 3 13 492 764 
Total revenue$3,062 $4,220 $2,283 $3,476 $13,041 
Three Months Ended June 30, 2024
Fixed-price$2,693 $1,656 $2,028 $1,314 $7,691 
Cost-reimbursement— 1,797 238 1,496 3,531 
Time-and-materials247 — 22 485 754 
Total revenue$2,940 $3,453 $2,288 $3,295 $11,976 
Six Months Ended June 29, 2025AerospaceMarine SystemsCombat SystemsTechnologiesTotal
Revenue
Fixed-price$5,559 $4,001 $3,801 $2,886 $16,247 
Cost-reimbursement— 3,805 627 3,012 7,444 
Time-and-materials529 3 31 1,010 1,573 
Total revenue$6,088 $7,809 $4,459 $6,908 $25,264 
Six Months Ended June 30, 2024
Fixed-price$4,522 $3,227 $3,887 $2,674 $14,310 
Cost-reimbursement— 3,556 468 2,847 6,871 
Time-and-materials502 1 35 988 1,526 
Total revenue$5,024 $6,784 $4,390 $6,509 $22,707 
Revenue by Customer
Revenue by customer was as follows:
Three Months Ended June 29, 2025AerospaceMarine SystemsCombat SystemsTechnologiesTotal
Revenue
U.S. government:
Department of Defense (DoD)$90 $4,183 $1,207 $2,117 $7,597 
Non-DoD— — 3 1,192 1,195 
Foreign military sales (FMS)5 35 185 4 229 
Total U.S. government95 4,218 1,395 3,313 9,021 
U.S. commercial1,614 1 71 46 1,732 
Non-U.S. government223 1 776 110 1,110 
Non-U.S. commercial1,130 — 41 7 1,178 
Total revenue$3,062 $4,220 $2,283 $3,476 $13,041 
Three Months Ended June 30, 2024
U.S. government:
DoD$53 $3,411 $1,296 $1,957 $6,717 
Non-DoD— 1 4 1,163 1,168 
FMS10 39 206 10 265 
Total U.S. government63 3,451 1,506 3,130 8,150 
U.S. commercial1,421 1 66 54 1,542 
Non-U.S. government481 1 673 101 1,256 
Non-U.S. commercial975 — 43 10 1,028 
Total revenue$2,940 $3,453 $2,288 $3,295 $11,976 
Six Months Ended June 29, 2025AerospaceMarine SystemsCombat SystemsTechnologiesTotal
Revenue
U.S. government:
DoD$155 $7,741 $2,417 $4,129 $14,442 
Non-DoD— — 5 2,440 2,445 
FMS10 64 403 7 484 
Total U.S. government165 7,805 2,825 6,576 17,371 
U.S. commercial2,838 2 130 92 3,062 
Non-U.S. government394 2 1,434 225 2,055 
Non-U.S. commercial2,691 — 70 15 2,776 
Total revenue$6,088 $7,809 $4,459 $6,908 $25,264 
Six Months Ended June 30, 2024
U.S. government:
DoD$104 $6,709 $2,468 $3,786 $13,067 
Non-DoD— 1 5 2,348 2,354 
FMS21 70 464 21 576 
Total U.S. government125 6,780 2,937 6,155 15,997 
U.S. commercial2,639 2 119 98 2,858 
Non-U.S. government695 2 1,259 228 2,184 
Non-U.S. commercial1,565 — 75 28 1,668 
Total revenue$5,024 $6,784 $4,390 $6,509 $22,707