Lockheed Martin posted stronger-than-expected third-quarter results, boosting its dividend, share repurchases, and earnings outlook.

The U.S. defense giant said robust orders from domestic and allied clients pushed sales and backlog to record levels.

Results And Outlook

Quarterly revenue rose to $18.6 billion, with EPS of $6.95, surpassing forecasts. Full-year sales are projected at about $74.5 billion, while 2025 EPS guidance was raised to around $22.25.

The company said F-35 production and missile programs remain its main growth engines.

Record Backlog And Key Contracts

The backlog climbed to $179 billion, supported by new orders for F-35 fighters, CH-53K helicopters, and PAC-3 MSE interceptors.

CEO Jim Taiclet said the record order book “underpins long-term growth” as global defense spending rises.

Shareholder Returns

Lockheed raised its quarterly dividend by 5% to $3.45 and expanded buybacks by $2 billion, bringing authorization to about $9 billion.

Management cited sustained cash generation amid elevated defense budgets and restocking demand.