US Stock Market Move | Lockheed Martin Corporation (LMT.US) rose more than 6% as Q3 revenue grew 11% year-over-year and the company raised its full-year guidance.

Thursday, Lockheed Martin Corporation (LMT.US) rose more than 10% at one point in early trading, and as of press time was up more than 6% at $587.18. On the news front, Lockheed Martin reported third-quarter 2026 results, with sales of $20.711 billion, up 11% year-over-year; net profit of $1.845 billion, up 14% year-over-year; and diluted earnings per share of $7.97, compared with $6.95 in the prior-year period. The company's third-quarter operating cash flow was $3.438 billion, and free cash flow was $2.999 billion. As of September 27, the company's total backlog reached a record $291.984 billion, up 27% from the second quarter, including $52.5 billion in orders related to the multi-year production contract for the PAC-3 MSE interceptor. Lockheed Martin also raised its full-year guidance for sales, earnings per share, and free cash flow, and expects full-year sales of $80 billion to $82 billion, diluted earnings per share of $30.35 to $30.75, and free cash flow of $7.8 billion to $8 billion.