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Lockheed Martin Boosts 2026 Forecasts, Backlog Hits $230 B

7/23/2026

Summary

Story summary

Lockheed Martin raised its 2026 revenue and earnings forecasts, now projecting $79.75-$81.75 billion in sales and $29.95-$30.65 per share, above prior guidance and Wall Street estimates.
Missiles and fire-control revenue rose nearly 20% to $4.1 billion, while aeronautics sales climbed 9% on higher F-35 production and deliveries.
Backlog grew to $230.4 billion, a 38.3% increase from a year earlier, prompting shares to rise 5.3% in pre-market trading.

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Story summary

Lockheed Martin raised its 2026 revenue and earnings forecasts, now projecting $79.75-$81.75 billion in sales and $29.95-$30.65 per share, above prior guidance and Wall Street estimates.
Missiles and fire-control revenue rose nearly 20% to $4.1 billion, while aeronautics sales climbed 9% on higher F-35 production and deliveries.
Backlog grew to $230.4 billion, a 38.3% increase from a year earlier, prompting shares to rise 5.3% in pre-market trading.