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Also, in terms of trade revenues, the company has been battling headwinds in the retail book selling market, leading to a noticeable decline in the segment's performance.
Increased emphasis on industrial automation and technological advancements is a key driver behind the segment's global growth.
Net sales at the aeronautics unit - Lockheed Martin's largest, which makes the F-35 - jumped 7% to $7.64 billion in the fourth quarter, but the segment's operating margin shrank to 10.7% from 11.5% a year earlier.
On the other hand, the Distribution segment's adjusted operating margin contracted by 420 bps Y/Y due to lower sales and unfavorable pricing of commodity-based products sold through the business.
The Community Banking segment's principal business focuses on the offering of loan and deposit products to business and consumer customers in its primary market areas.
The company said the contraction in that segment's backlog was primarily driven by revenue recognition for the Airwave and ESN contracts and $367 million of unfavorable FX-currency rates.
The GCR segment's revenue remained stable, contributing to the company's overall top-line growth.
The MRD segment's growth, notably a 24% revenue increase, underscores its potential in cancer management.
The upstream segment's capex will be between EUR6 billion-EUR6.5 billion on average per year during the strategy plan period.
This is where the potential future growth should come from so investors should focus on the Evernorth segment's results going forward.