Lockheed Martin shares show bullish momentum as the company posts $20.7 billion in quarterly sales and secures a record $292 billion backlog, driven by robust demand for its PAC-3 missile systems.
Lockheed Martin demonstrated strong financial momentum in Q3 2026, highlighted by an 11% increase in sales to $20.7 billion and a 14% rise in net earnings to $1.8 billion. The company's record backlog of $292.0 billion, bolstered by a significant $52.5 billion PAC-3 multi-year award, underscores sustained operational demand and long-term revenue visibility.
The net earnings per share for Q3 2026 was $7.97.
Lockheed Martin reported free cash flow of $3.0 billion for the period.
Lockheed Martin reported strong third-quarter 2026 results, highlighted by an 11% increase in sales to $20.7 billion and a 14% rise in net earnings to $1.8 billion. The defense giant also achieved a record $292 billion backlog, bolstered by a significant $52.5 billion PAC-3 production contract.
The performance was driven by an 11% increase in sales and a 14% rise in net earnings, supported by strong operational cash flow and a massive $292 billion backlog.