In the most recent quarter, Lockheed Martin reported $18.6 billion in revenue and $1.6 billion in net profit, marking year-over-year growth of 6% and 15% respectively. The company generated $3.3 billion in free cash flow during Q3, reflecting a 12% improvement over the prior-year period. These figures underscore Lockheed’s ability to convert its large defense programs into immediate earnings, contrasting sharply with emerging aerospace peers that remain unprofitable.

Lockheed Martin’s order backlog stands at $179 billion, a level that provides revenue visibility stretching well into the 2030s. Included in this backlog are commitments for over 190 F-35 stealth fighter jets slated for delivery in the current fiscal year, alongside orders for C-130J transport aircraft and CH-53K heavy-lift helicopters. This depth of contracted work positions Lockheed to sustain revenue growth without reliance on speculative program approvals.

Lockheed Martin currently offers a dividend yield of 2.9%, reflecting its 23rd consecutive annual payout increase. The company has returned over $4 billion to shareholders through dividends and share repurchases so far this fiscal year, supported by a balance sheet that holds more than $5 billion in cash and equivalents. This commitment to returning capital differentiates Lockheed from pre-commercial eVTOL developers that offer no distribution to investors.

In the closing months of 2025, the U.S. Department of Defense awarded Lockheed Martin a $328.5 million contract to supply 55 infrared sensor pods for Taiwan under the Foreign Military Sales program, with deliveries expected through mid-2031. Additionally, Lockheed expanded an existing missile production agreement by $10 billion, underscoring sustained U.S. defense procurement trends. These awards reinforce the company’s role as a cornerstone supplier for key allied modernization efforts.