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Lockheed Martin stock jumps 27% in October on record backlog and missile contract.

29 Oct 2026, 22:26 WIB
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Bullish
Lockheed Martin stock jumps 27% in October on record backlog and missile contract.

Lockheed Martin's stock surged 27% in October, driven by a record $292 billion backlog and a major $58.6 billion PAC-3 missile contract. The company reported strong Q3 sales growth of 11.3% year-over-year and raised its 2026 sales outlook to $80-$82 billion. However, operating margins slipped slightly, raising concerns among bears about profitability. Investors will watch the company's January report for clarity on margin trends and future earnings growth potential.

Lockheed Martin's stock trades at USD 645.30 on Pluang as of Oct 30, 2026 02:42 WIB, up 2.47% in the past day. The stock's market cap is $145.48 billion, with a dividend yield of 2.29%. Despite strong recent gains, 88% of Pluang orders are to sell, showing cautious investor sentiment.

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