Lockheed Raises Full-Year Outlook as Backlog Jumps 27% to Record $292B
LMT sits 30% above its 52-week low of $437.25.
Summary
Lockheed lifted full-year EPS guidance to $30.35-$30.75 from $29.95-$30.65 and sales to $80B-$82B from $79.75B-$81.75B. The raise rides on a strong third quarter: EPS of $7.97 beat the $7.52 FactSet consensus and revenue rose 11% to $20.71B, ahead of the $20.48B estimate, with growth in all four business segments. Backlog climbed 27% since the second quarter to a record $291.98B, extending the run of large awards this year including the $58.6B PAC-3 modification and the $24.3B potential Saudi F-35 sale, and a Pentagon F-35 deal now locks in 10 years of jet orders under a multiyear framework that secures long-term F-35 production. Shares were up 3.3% to $569.81 in premarket trading. The guidance raise is the actionable piece — it resets the earnings bar higher rather than just confirming the quarter.
At the time of this announcement, LMT was trading at $568.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $127.3B. The 52-week trading range was $437.25 to $692.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.