Lockheed Martin raises FY2026 guidance again on record $292B backlog
Lockheed Martin posted double-digit third-quarter growth, a record $292B backlog and $3.0B free cash flow, and lifted its FY2026 guidance again.
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what happened
Lockheed Martin reported double-digit growth in third-quarter sales and profit, according to TradingView. The company posted a record backlog of $292 billion and free cash flow of $3.0 billion.
The defense contractor raised its FY2026 guidance once more, citing expansion across most segments and faster munitions production.
why it matters
For investors, a record backlog and strong cash generation point to multi-year revenue visibility in the defense business. A repeated guidance increase may support sentiment across the sector, although the market will also weigh valuations and the outlook for defense budgets.
market impact
US defense sector: strong results and orders support contractor shares
tags
instruments
sources
- LMT: Record backlog and munitions growth fuel another FY2026 guidance raise — TradingView, 22 October 2026 at 15:04 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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