Lockheed Martin: 3 Key Takeaways for Long-Term Investors

Lockheed Martin raised full-year sales guidance after Q3 2026 sales grew 11% YoY to $20.7 billion. The company expanded its record backlog to $292 billion with a 4x book-to-bill ratio, secured a landmark F-35 agreement for 850 jets over 10 years, and committed $8 billion through 2030 to expand munitions manufacturing. Long-term multiyear government contracts provide durable revenue visibility and competitive advantages.