Lockheed Martin Reports Record $292 Billion Backlog and Raises Full-Year Guidance in Q3 2026
Lockheed Martin (LMT) delivered a strong third quarter for 2026, reporting revenue of $20.7 billion, an 11% increase year-over-year. This growth was fueled by increased production volumes across all four business segments, most notably in Aeronautics and Missiles and Fire Control. The company achieved diluted earnings per share of $7.97, a 15% rise compared to the previous year. The defense giant reached a record backlog of $292 billion, representing a significant 27% increase since Q2 2026. Driven by robust demand for F-35 aircraft and missile systems like PAC-3, management raised both full-year sales guidance to a range of $80 billion–$82 billion and EPS guidance to $30.35–$30.75. Despite the strong performance, leadership noted potential risks regarding U.S. government funding authorizations and an upcoming $1 billion pension contribution in 2027.
Topics: backlog record defense contracts eps increase guidance raise revenue growth