Lockheed Martin reported a record Q2 2026 backlog of $230.4B, up from $193.6B at year-end 2025 on $65B of new orders in the quarter, with sales up 11% year-over-year to $20.1B and EPS of $7.94. Management raised full-year guidance across all key metrics, lifting sales guidance to $79.75-81.75B.