Lockheed Martin reported sales that rose 11% to $20.06 billion, prompting the company to lift its full‑year outlook. The defense contractor posted a Q2 profit of $1.84 billion, or $7.94 per share, a sharp jump from $342 million, or $1.46 per share, a year earlier. Analysts had expected earnings of $7.19 per share, and the prior quarter was dented by more than $1.7 billion in special charges.

The company cited higher volumes and munitions ramp‑ups across all units—including aeronautics, missiles, fire control, space, and rotary and mission systems—to explain the robust performance. Lockheed Martin also noted its backlog is at a record $230 billion, underscoring sustained demand.

To support continued growth, Lockheed is expanding its global defense manufacturing footprint. The firm is collaborating with General Motors Defense in the United States and has partnered with Rheinmetall to co‑produce ATACMS in Europe, positioning it to meet evolving customer mission requirements.

These moves reinforce Lockheed Martin’s position as a key supplier of munitions and advanced defense systems worldwide.