Lockheed Martin reports Q3 EPS $6.95, consensus $6.35

Reports Q3 revenue $18.6B, consensus $18.52B. “Based on the effectiveness and reliability of our products and systems, strong demand from LockheedMartin’s customers-both in the UnitedStates and among our allies-continues. As a result of this unprecedented demand, we are increasing production capacity significantly across a wide range of our lines of business,” said LockheedMartin Chairman, President, and CEO JimTaiclet. “Our record $179billion backlog-more than two and a half years of sales-underscores the trust our customers place in us and underpins our company’s long-term growth prospects. Major contract awards for the CH-53K and PAC-3MSE programs are the largest ever for our Rotary and Mission Systems and Missiles and Fire Control businesses, respectively. Additionally, in close collaboration with our customers, we finalized the contracts covering Lots18 and19 of the F-35 early in the fourth quarter. LockheedMartin has delivered a record 143F-35 LightningII jets through the end of the third quarter.”