Lockheed Martin Raises 2026 Forecasts Amid Pentagon Weapons Restocking
Defense contractor Lockheed Martin raised its revenue and profit forecasts for 2026, citing increased demand from the U.S. military to replenish weapons stockpiles amid ongoing global conflicts. The company reported a significant rise in sales across key segments, including missiles and fire control systems driven by production increases of PAC-3 and THAAD missile interceptors. Lockheed's F-35 stealth fighter program also contributed to higher revenue growth as the Pentagon continues its large-scale acquisition efforts for this aircraft. Total backlog increased sharply year-over-year due to new contracts like a $35 billion deal signed in June with the U.S. government, which aims to quadruple production of certain missile systems. The company now expects 2026 revenue between $79.75 billion and $81.75 billion—up from its previous forecast—and anticipates higher-than-expected per-share earnings for the year.
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Topics: F-35 fighter jets Lockheed Martin missile production Pentagon Russia-Ukraine conflict U.S.-Israeli war on Iran