Description

Lockheed Martin Corporation’s $35 Billion THAAD Award Reshapes Its Growth Runway!

Lockheed Martin Corporation reported strong second quarter 2026 financial and operational results characterized by record backlog, accelerated revenue growth, and improved profitability. The company’s backlog reached an all-time high of $230 billion, fueled by significant contract awards such as a $35 billion Missile Defense Agency contract for THAAD interceptors, and multibillion-dollar production contracts for GMLRS rockets and HIMARS systems. These orders underpin expectations for sustained sales growth and increased production capacity over the coming years. Revenue rose 11% year-over-year to $20.1 billion, driven primarily by munitions programs within the Missiles & Fire Control segment alongside broad-based growth across Aeronautics, Rotary & Mission Systems (RMS), and Space segments. Excluding prior-year unfavorable adjustments, sales growth was a more moderate 7% year-over-year. Profitability improved, with segment operating margin reaching 10.8%, operating profit rising to $2.2 billion, and earnings per share increasing to $7.94. Free cash flow turned positive at $2.