Lockheed Martin has reported a robust third quarter for 2025, with sales reaching US$18.6 billion, up from US$17.1 billion a year earlier. Net earnings remained steady at US$1.6 billion, or US$6.95 per share, slightly higher than the US$6.80 per share recorded in the same period of 2024. Cash from operations rose sharply to US$3.7 billion, compared with US$2.4 billion last year. Free cash flow also improved, climbing to US$3.3 billion from US$2.1 billion.
The company’s order backlog hit a record US$179 billion, representing over two and a half years of sales. This milestone reflects growing demand for its advanced defence systems in the United States and among allied nations. Lockheed Martin Chairman, President, and CEO Jim Taiclet said the company is expanding production capacity across multiple business lines to meet this demand.
Major contracts were secured for the CH-53K helicopter and the PAC-3 MSE missile, marking record deals for the Rotary and Mission Systems, and Missiles and Fire Control divisions. In addition, Lockheed Martin completed contracts for Lots 18 and 19 of the F-35 programme early in the fourth quarter, having already delivered 143 F-35 Lightning II jets by the end of September.
Looking forward, the company plans to invest heavily in digital technologies and new manufacturing capacity to support defence priorities for the U.S. and its allies. Taiclet noted Lockheed Martin’s leadership in key initiatives such as integrated air and missile defence, space warfare, and secure command-and-control systems, including the “Golden Dome for America” project.
Lockheed Martin also continues to reward investors, celebrating 23 consecutive years of dividend increases. According to Taiclet, these results showcase a company performing strongly today and positioned for sustained growth ahead.
