Lockheed Martin raises annual profit and revenue forecasts, finalizes F-35 agreement
LMT•Lockheed Martin raised its FY26 sales forecast to $80 billion-$82 billion and its EPS outlook to $30.35-$30.75, and finalized a 10-year framework agreement for at least 850 F-35 jets. Third-quarter sales rose 11% to $20.71 billion and EPS was $7.97.
1. Higher outlook and F-35 deal
Lockheed Martin raised its FY26 sales forecast to $80 billion-$82 billion from $79.75 billion-$81.75 billion and its EPS forecast to $30.35-$30.75 from $29.95-$30.65. It finalized a 10-year framework agreement with the U.S. Department of Defense for at least 850 F-35 Lightning II fighter jets. Third-quarter sales rose 11% year over year to $20.71 billion, beating analysts’ $20.51 billion estimate, while profit of $7.97 per share topped the $7.43 estimate; backlog rose 27% sequentially to a record $292 billion.
