Lockheed Martin shares rose 6.96% on Thursday after the company said its contract backlog grew to $292 billion. Third-quarter sales climbed 11% year over year to $20.7 billion, and net earnings rose 14% to $1.8 billion, or $7.97 per share, above the $7.52 analysts had projected. Operating cash flow was $3.4 billion and free cash flow was $3 billion, and the shares yield about 2.4%. For 2026, Lockheed expects full-year sales of roughly $81 billion and EPS of $30.35 to $30.75, and it also announced a 10-year deal with the Defense Department to expand F-35 production.
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