Lockheed Martin Raises Fiscal-Year Outlook as Backlog Sets Record
Lockheed Martin raised its full-year forecast as its backlog reached a record in the third quarter. The company also said Pentagon leaders pledged to buy its F-35 fighters over the next 10 years.
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12:22:09 PM UTC
SquawkNews
Lockheed Martin (LMT) was in focus Thursday after the defense behemoth raised its full-year 2026 guidance and unveiled a framework with the U.S. Department of War (DOW) to cover manufacturing and maintenance of 850 F-35 fighter jets over the next decade.LMT shares were up 4% in pre-market trading a…
By Kelly CloonanLockheed Martin raised its forecast for the year as its backlog continued to grow in the third quarter, notching a fresh record.The defense contractor separately said Thursday that Pentagon leaders pledged to buy its F-35 jet fighters over the next 10 years, the longest commitment a…