Lockheed Martin Corp (NYSE:LMT) on Tuesday reported better than expected earnings for its third quarter 2025, while also lifting its full-year forecast on strong demand for its defense systems.
The defense contractor recorded earnings for the quarter of $6.95 per share, surpassing the analyst consensus estimate of $6.39.
Its revenue for the period, meanwhile, rose 8.8% year over year to $18.6 billion, edging past the $18.53 billion forecast.
Lockheed Martin’s results were boosted by brisk demand for its F-35 fighter jets and missile defense systems.
The company also raised the lower end of its 2025 sales outlook to $74.25 billion from $73.75 billion, while increasing its 2025 profit expectations to $22.15 to $22.35 per share from $21.70 to $22 previously.
"As a result of this unprecedented demand, we are increasing production capacity significantly across a wide range of our lines of business," Lockheed Martin CEO Jim Taiclet said in a statement.
"Our record $179 billion backlog—more than two and a half years of sales—underscores the trust our customers place in us and underpins our company's long‑term growth prospects."
The company also increased its quarterly dividend by 5% to $3.45 per share.
Lockheed Martin shares slipped nearly 1% to $501.28 in early Tuesday trading.