Lockheed Martin Backlog Rises 27% to Record $291.98 Billion
Lockheed Martin says its backlog grew 27% since the second quarter to $291.98 billion in the third quarter. RTX and Northrop Grumman also reported record backlogs earlier this week.
The major defense contractors' backlogs are growing as governments ramp up military spending. Lockheed Martin says its backlog grew 27% since 2Q to $291.98 billion in 3Q, notching a fresh record. RTX and Northrop Grumman earlier this week also reported record backlogs, of about $340 billion and $10…