Lockheed Martin Reports Strong Q2 2026 Performance with Record Backlog
Lockheed Martin Corporation (LMT) reported a record $230 billion backlog in the second quarter of 2026, driven by a $35 billion multiyear THAAD contract and significant awards in radar and space. The company is scaling munitions production and expanding international co-production capabilities to meet demand ahead of formal orders. Operational progress includes resumed F-16 deliveries, increased C-130 output, and technical milestones in hypersonic and laser weapon programs. Lockheed Martin raised its 2026 sales guidance to $79.75 billion–$81.75 billion and expects free cash flow of $7 billion–$7.2 billion for the year. The company announced plans to acquire Ultra Maritime, enhancing undersea sensing capabilities but noted a lower profit outlook in its Space segment due to reduced ULA equity earnings following technical issues with the Vulcan launch.
Tickers: $LMT