LMT · 10-Q · 2026Q2 · Full report
Products and Technology
LOCKHEED MARTIN CORP · 2026-07-23 · Importance 60 · Surprise 40 · In source text
Product sales increased 11% year over year in the second quarter, led by higher F-35 production at Aeronautics, PAC-3 and THAAD production ramps at MFC, undersea combat systems and River Class Destroyer programs at RMS, and FBM and NGI programs at Space. MFC sales increased 19% in the quarter and 14% in the first six months, including production ramps on PAC-3, THAAD and Precision Strike Missile programs. Aeronautics delivered 19 F-35 aircraft during the quarter, bringing cumulative production deliveries to 1,344, with a backlog of 317 aircraft as of June 28, 2026.
Key facts
- As of June 28, 2026 LOCKHEED MARTIN CORP's F-35 backlog was 317 aircraft, including 956 F-35A, 250 F-35B and 138 F-35C delivered since inception. source
- During the six months ended June 28, 2026, product sales increased approximately $940 million at MFC due to production ramp-up on PAC-3 and THAAD programs. source
- During the quarter ended June 28, 2026, product sales increased approximately $650 million at Aeronautics due to higher volume on F-35 production contracts and the sales impact of the 2025 reach-forward loss on a classified program. source
- During the quarter ended June 28, 2026, product sales increased approximately $635 million at Missiles and Fire Control due to production ramp-up on PAC-3 and THAAD programs. source
- During the quarter ended June 28, 2026, product sales increased approximately $185 million at Rotary and Mission Systems due to higher volume on undersea combat systems programs and the River Class Destroyer program and sales impact of the 2025 reach-forward loss on TUHP. source
- During the quarter ended June 28, 2026, product sales increased approximately $165 million at Space due to higher volume on Fleet Ballistic Missile (FBM) and Next Generation Interceptor (NGI) programs. source
- During the quarter ended June 28, 2026, Aeronautics delivered 19 F-35 aircraft and since program inception through June 28, 2026 delivered 1,344 production F-35 aircraft. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | As of June 28, 2026 LOCKHEED MARTIN CORP's F-35 backlog was 317 aircraft, including 956 F-35A, 250 F-35B and 138 F-35C delivered since… |