Lockheed Martin Secures New Defense Contracts and Expands Backlog

Lockheed Martin (NYSE: LMT) has increased its contract backlog by $607.4 million due to new Apache sustainment and GPS ground control contracts from the Army and Air Force, despite a recent earnings miss in Q1 2026 that led to an acquisition of Ultra Maritime for $3.45 billion.

By Jeffrey Neal Johnson, MarketBeat Thu, July 9, 2026 at 6:00 PM GMT+3 6 min read · Yahoo Finance · July 9, 2026, 15:00 UTC

Lockheed Martin Secures New Defense Contracts and Expands Backlog

Tickers: $LMT

Topics: contracts defense government_spending

Read the full article at Yahoo Finance

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