Lockheed Martin’s $194 billion backlog drives growth
Lockheed Martin’s record $194 billion backlog spans 2.5 years of sales, driving growth in the defense sector.
The company’s shares are up 10% year to date and 13% over the past year, with a forward P/E of 17 and a dividend yield of roughly 3%.
The defense sector is expected to see increased spending, with $60 billion allocated to FY2027 munitions and $52.9 billion earmarked for critical munitions in the FY 2027 Department of War budget request.