LMT · Earnings call · 2026Q3T · Full report
Backlog and Book-to-Bill
LOCKHEED MARTIN CORP · 2026-10-22 · Importance 89 · Surprise 82 · Contradicted
Lockheed Martin ended the third quarter with a record $292 billion backlog, up $113 billion from the third quarter of 2025, and a 4x book-to-bill ratio. The seven-year PAC-3 contract was the largest quarterly contributor and brings the multi-year contract’s value to as much as $58.6 billion. Other significant bookings included $4.4 billion in C-130J contracts for 34 aircraft, a $439 million ATACMS production contract for Taiwan’s HIMARS launchers, and awards for GMLRS, JASSM and LRASM, F-35, Black Hawk, and Fleet Ballistic Missile.
Key facts
- Lockheed Martin ended Q3 2026 with a record $292 billion backlog, up $113 billion year over year, and a 4x book-to-bill.
- Lockheed Martin booked $4.4 billion in C-130J contracts for 34 new production aircraft serving U.S. and international partners.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +478.8% | Lockheed Martin ended Q3 2026 with a record $292 billion backlog, up $113 billion year over year, and a 4x book-to-bill. |