Lockheed Martin stock holds after $67.6 billion backlog

Lockheed Martin (US5398301094) stock is tied to a $67.6 billion backlog, $18.6 billion in second-quarter sales, and diluted EPS of $7.29 in the latest quarter. Those figures frame the company’s current scale and the earnings base investors are watching.

$67.6 billion backlog

The latest quarterly backdrop is built around a $67.6 billion backlog, a number that gives the defense contractor visibility across multiple programs. Second-quarter sales reached $18.6 billion, while diluted EPS came in at $7.29, making the quarter numerically richer than a simple headline about defense demand.

EPS at $7.29

The comparison that matters most is the interaction between backlog and profit generation: a large order book only matters if it still translates into earnings. In the latest quarter, Lockheed Martin paired $18.6 billion of sales with $7.29 in diluted EPS, and that combination sets the earnings tone for the business into the next reporting cycle.

Sales at $18.6 billion

Lockheed Martin’s second-quarter sales of $18.6 billion provide the clearest current operating anchor in the available data. Paired with $7.29 diluted EPS, the quarter shows how the company is still converting defense revenue into meaningful profit even without a fresh market quote in hand.

F-35 remains central

The F-35 program remains one of the company’s most visible products and a recurring driver in defense-market attention. For a defense prime, that matters because major programs tend to shape both backlog durability and quarterly sales composition over time.

Latest quarterly profile

At the latest reported level, the stock story is less about a trading headline and more about the scale of the order book and the earnings flow underneath it. The combination of $67.6 billion in backlog, $18.6 billion in sales, and $7.29 diluted EPS gives the company a clear numerical profile even before the next update arrives.