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Lockheed's backlog jumped 27% in one quarter to a record $292 billion

Most of the leap traces to one multi-year missile-interceptor award worth about $52.5 billion. Lockheed also skipped share buybacks for the first nine months of 2026.

Finvestex Desk · 3 min read
Lockheed's backlog jumped 27% in one quarter to a record $292 billion — slide 1 of 6Lockheed's backlog jumped 27% in one quarter to a record $292 billion — slide 2 of 6Lockheed's backlog jumped 27% in one quarter to a record $292 billion — slide 3 of 6Lockheed's backlog jumped 27% in one quarter to a record $292 billion — slide 4 of 6Lockheed's backlog jumped 27% in one quarter to a record $292 billion — slide 5 of 6Lockheed's backlog jumped 27% in one quarter to a record $292 billion — slide 6 of 6
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Lockheed Martin ended September with $292.0 billion of work already signed and not yet delivered. According to the company's third-quarter results, released on Oct 22, 2026, that is a record, and it is 27% higher than the backlog it reported at the end of the second quarter. One quarter. Three months.

A backlog is the value of contracts a company has won but has…

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General market information for educational purposes — not investment advice. Figures come from the linked sources.