Lockheed Martin Corp.’s third-quarter sales rose nearly 9 percent year-over-year to $18.6 billion, prompting the Bethesda, Maryland-based aerospace and defense company to raise its 2025 sales outlook and ramp up production across its U.S. manufacturing facilities.
Lockheed Martin has a record $179 billion backlog due to unprecedented demand, Jim Taiclet, Lockheed’s chairman, president, and CEO, said in a statement accompanying the earnings release.
That book of business represents more than two and a half years of pending sales on major contracts for Lockheed Martin’s CH-53K heavy transport helicopters, Patriot air defense missiles, and F-35 Lightning II jets.
“We are investing aggressively in both new digital technologies and physical production capacity needed to meet the top defense priorities of the United States and its allies—and we are doing so in partnership with a number of leading technology partners, large and small,” Taiclet said….