Can Lockheed Martin (LMT)’s Backlog Keep Growing at this Pace?

Lockheed Martin Corporation (NYSE:LMT)'s backlog reached a record $230 billion at the end of the second quarter, up 38.3% from the prior year, and an increase of $36.8 billion from December 2025. The jump was enabled by $65 billion in new orders during the quarter, including a $35 billion multi-year contract from the Missile Defense Agency for THAAD interceptors, which has nearly doubled the Missiles and Fire Control segment's backlog from six months ago. DON'T MISS: Lockheed Martin Corporation (LMT) Secures $1.3B in Fresh Pentagon Orders as Munitions Ramp Gains SteamPentagon Deepens F-35 Bet: Lockheed Martin Corporation (LMT) Secures $871M Support Contract Modification Jordan Tan / Shutterstock.