Pivotal-Point Tracking Lockheed Martin (LMT): U.S. Defense Contractor Reports Record Orders of $160 Billion and Raises Annual Forecast

Lockheed Martin is the world's largest defense contractor focusing on aerospace, missile, and space technology. Among its most notable products are the F-35 fighter jets and the HIMARS rocket launchers. On July 23, the company significantly exceeded expectations with its second-quarter results. Revenue rose by 9% to $18.1 billion, while earnings per share climbed to $7.11. Due to strong demand, management raised its full-year revenue forecast to up to $71.25 billion. The order backlog reached a new all-time high of approximately $160 billion. The...