# Lockheed Martin Reports Q2 Results, Ramps PAC-3 Edge Production, and Secures Philippine Defense Contract

- URL: https://stocks.freetheai.org/news/lockheed-martin-reports-q2-results-ramps-pac-3-edge-production-and-secures-d9bf4a
- Published: 2026-10-12T11:00:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NYSE:LMT](https://stocks.freetheai.org/symbols/NYSE-LMT)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Lockheed Martin Corporation (NYSE:LMT) posted second-quarter revenue of $20.1 billion and net income of $1.8 billion, yielding earnings per share of $7.94. The defense contractor built an order backlog of $230.4 billion, supported by a multiyear contract for the THAAD anti-ballistic missile system. Meanwhile, the company launched its PAC-3 Edge interceptor featuring upgraded flight controls and rocket technology, with plans to scale production to roughly 2,000 units annually.

Beyond missile development, the business gained international momentum by securing a contract to supply S-70i Black Hawk training systems, maintenance, and replacement components for the Philippine Air Force through 2032. In Europe, the firm remains under evaluation by Portugal to supply F-35 fighter jets to replace its existing fleet of 28 F-16M aircraft. On the operational front, the company addressed an incident where F-35 cockpit canopies and weapons bay hatches were misrouted through Hong Kong during transit for maintenance or disposal.

Investors will look ahead to the third-quarter financial results expected on October 22. Wall Street analysts project third-quarter revenue of approximately $20.44 billion and earnings per share of $7.43. Market participants will also monitor progress on the Portuguese fighter jet selection against competing aircraft models.

## Key points

- Lockheed Martin Corporation reported second-quarter revenue of $20.1 billion and net income of $1.8 billion, with its total backlog reaching $230.4 billion.
- The company launched the PAC-3 Edge interceptor and aims to ramp manufacturing capacity to approximately 2,000 units per year.
- The Philippine Air Force awarded the firm a contract covering S-70i Black Hawk training systems, spare parts, and logistics support through 2032.
- Portugal is evaluating the F-35 fighter jet alongside rival aircraft to replace its current fleet of 28 F-16M planes.

## Questions and answers

### What were Lockheed Martin's Q2 earnings results?

Lockheed Martin reported Q2 revenue of $20.1 billion, net income of $1.8 billion, and earnings per share of $7.94, while its backlog reached $230.4 billion.

### When does Lockheed Martin release its next quarterly financial report?

The company is scheduled to publish its Q3 results on October 22, with analysts anticipating revenue around $20.44 billion and earnings per share of $7.43.

### What is Lockheed Martin's production target for the PAC-3 Edge interceptor?

Lockheed Martin plans to increase manufacturing of the PAC-3 Edge interceptor to approximately 2,000 units per year.