# Lockheed Martin Raises Outlook as Quarterly Sales and Profit Grow

The defense contractor reported $20.7 billion in sales and a $292 billion backlog in its October 22 results.

By Will Langan | 24X7 News
Published: 2026-10-27T04:02:11.004Z
Updated: 2026-10-27T04:02:11.004Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/lockheed-martin-third-quarter-2026-results-outlook

Launch Catch-Up — Results Announced October 22, 2026

Lockheed Martin reported third-quarter sales of $20.7 billion, up 11% from a year earlier, in its October 22 earnings announcement.

Net earnings increased 14% to approximately $1.8 billion, or $7.97 a share, compared with $1.6 billion, or $6.95 a share. All four business segments recorded sales growth.

Operating cash declined to $3.4 billion from $3.7 billion. The company attributed the decline primarily to higher customer receipts in the comparable 2025 quarter.

Its backlog reached $292 billion, including $52.5 billion associated with a multiyear PAC-3 interceptor award. Backlog describes contracted future business rather than revenue already earned.

Lockheed raised its full-year sales forecast to $80 billion–$82 billion and its earnings outlook to $30.35–$30.75 a share. It also forecast $7.8 billion–$8 billion in free cash flow.

The company cautioned that ongoing F-35 production-contract negotiations and funding authorization could affect future results. Its annual outlook remains subject to those and other business risks.

Sources
Lockheed Martin — October 22 results: https://investors.lockheedmartin.com/news-releases/news-release-details/lockheed-martin-reports-third-quarter-2026-financial-results

## Sources
- Lockheed Martin — October 22 earnings release: https://investors.lockheedmartin.com/news-releases/news-release-details/lockheed-martin-reports-third-quarter-2026-financial-results