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Lockheed Martin Reports Strong Q3 2026 Financial Results

October 22, 2026

2 min read

Key Takeaways

Lockheed Martin's Q3 2026 sales increased 11% to $20.7 billion.
Net earnings rose 14% to $1.8 billion, or $7.97 per share.
Cash from operations was $3.4 billion, with free cash flow of $3.0 billion.
Backlog grew 27% to a record $292.0 billion.

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Strategic Implications

Lockheed Martin's strong Q3 2026 performance may indicate sustained growth in the defense sector, driven by increased demand for advanced defense technologies. The company's significant backlog and free cash flow suggest a strong financial position, which could enable further investments in research and development, potentially strengthening its competitive position in the market.

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What Happened

Defense Giant Sees Sales Increase 11% To $20.7 Billion

Lockheed Martin Corporation reported strong financial results for the third quarter of 2026, with sales increasing 11% to $20.7 billion and net earnings rising 14% to $1.8 billion, or $7.97 per share. The company’s cash from operations was $3.4 billion, with free cash flow of $3.0 billion. Lockheed Martin’s backlog grew 27% to a record $292.0 billion, driven by growth in each of the company’s four business segments. According to Lockheed Martin, this performance underscores the company’s continuing leadership in the development and delivery of advanced defense technology solutions, as reported by Sikorsky.

Source | Originally Published: October 22, 2026

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