Lockheed Martin Tops Earnings Estimates Amid Unprecedented Demand

Lockheed Martin has a record $179B backlog—roughly two and half years of pending sales on CH-53K helicopters, Patriot missiles, and F-35 jets.

An F-35 fighter jet at the Fighter Wing Skrydstrup air base near Skrydstrup, Denmark, on Oct. 1, 2023. Bo Amstrup/Ritzau Scanpix/AFP via Getty Images

Lockheed Martin Corp.’s third-quarter sales rose nearly 9 percent year-over-year to $18.6 billion, prompting the Bethesda, Maryland-based aerospace and defense company to raise its 2025 sales outlook and ramp up production across its U.S. manufacturing facilities.

Lockheed Martin has a record $179 billion backlog due to unprecedented demand, Jim Taiclet, Lockheed’s chairman, president, and CEO, said in a statement accompanying the earnings release.