QUICK SPARK: Lockheed Martin Eyes Best Day Since 2020 on Record $230 Billion Backlog
Lockheed Martin Corp. (NYSE: LMT ) is having its biggest single-day rally in more than six years. Shares jumped as much as 12% Thursday and traded up 9% at $563 at the time of writing, after the defense contractor beat second-quarter estimates and raised its full-year outlook. Lockheed booked $65 billion of new orders in the quarter, lifting total backlog to a record $230 billion from $193.6 billion at the end of 2025. Missiles and Fire Control did most of the work. That unit’s backlog nearly doubled to $87.9 billion after a $35 billion multi-year THAAD interceptor contract with the Missile Defense Agency. Despite Thursday’s rally, the stock is still roughly 19% below the record it set in March. Image: Envato Elements
Lockheed Martin Corp. (NYSE: LMT ) is having its biggest single-day rally in more than six years.
Shares jumped as much as 12% Thursday and traded up 9% at $563 at the time of writing, after the defense contractor beat second-quarter estimates and raised its full-year outlook.
Lockheed booked $65 billion of new orders in the quarter, lifting total backlog to a record $230 billion from $193.6 billion at the end of 2025.
Missiles and Fire Control did most of the work.
That unit’s backlog nearly doubled to $87.9 billion after a $35 billion multi-year THAAD interceptor contract with the Missile Defense Agency.
Despite Thursday’s rally, the stock is still roughly 19% below the record it set in March.
Image: Envato Elements