Lockheed Martin Corporation: Can Its Expansion of Missile and Fire Control (MFC) Capabilities Be A Game Changer? 

Lockheed Martin’s performance in the second quarter of 2024 showcases a confident trajectory marked by significant operational and financial strides. The company reported a robust backlog valued at approximately $160 billion, more than twice its annual revenue, indicating sustained demand and potential future earnings stability. Revenue growth saw a 9% year-over-year increase across all four business segments, driven by enhanced operational performances and an improving supply chain. Operational efficiency also improved, with segment operating margins rising by 20 basis points year-over-year to 11.3%, facilitated by focused operational execution across its diverse portfolio.