Lockheed Martin raises 2026 outlook after third-quarter sales and profit growth

Lockheed Martin reported third-quarter 2026 sales of $20.7 billion, up 11% year over year, and net earnings of $1.8 billion, or $7.97 per diluted share, up from $1.6 billion and $6.95 per share a year earlier. The company raised its 2026 outlook to approximately $80.0-$82.0 billion in sales, $30.35-$30.75 in diluted EPS and $7.8-$8.0 billion in free cash flow; backlog reached a record $292.0 billion, including $52.5 billion tied to a multi-year PAC-3 MSE interceptor award, while negotiations continue with the U.S. government on funding for F-35 lots 20 and higher.