Lockheed Q3: backlog jumped $61.6B in a quarter (~3x sales); PAC-3 deal ~85% of it; ~3.6 years of sales
Lockheed Martin (LMT) reported Q3 this morning: sales up 11% to $20.7B and a record $292B backlog, up from $230.4B at the end of June.
So backlog grew ~$61.6B in one quarter, about 3x what it sold. The $52.5B PAC-3 missile award alone is ~85% of that jump. At the $81B midpoint of its raised 2026 sales guide, that's ~3.6 years of work already booked.
Sources: Stock Titan: Lockheed total backlog rose from $230.4B at end of June to $292.0B at end of September · @LiveSquawk: LMT Q3 net sales $20.7B (est $20.47B), EPS $7.97 (est $7.51), backlog $291.98B (est $231.53B)
Not financial advice. For informational and educational purposes only.
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