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Backlog by Segment
Breaks down the backlog into specific business areas, revealing which segments have the most robust demand and potential revenue growth.Backlog composition has shifted away from a purely aeronautics-driven book toward big gains in Missiles & Fire Control and RMS (and steady Space growth), which explains management’s confidence and the guidance raise; aeronautics backlog is more cyclical and has softened from prior peaks amid F‑16/C‑130 execution and contract‑conversion timing. The 3.2:1 book‑to‑bill and large Q2 orders provide strong H2 revenue visibility, but Space profit headwinds (ULA) and execution/timing risks as frameworks convert to multiyear deals keep near‑term margins watchworthy.
Date | Aeronautics | Missiles and Fire Control | Rotary and Mission Systems | Space |
|---|---|---|---|---|
Sep 30, 2026 | $57.33B | $142.52B | $49.44B | $42.70B |
Jun 30, 2026 | $55.03B | $46.56B | $45.84B | $38.99B |
Mar 31, 2026 | $55.03B | $46.56B | $45.84B | $38.99B |
Dec 31, 2025 | $59.44B | $46.65B | $47.72B | $39.82B |
Sep 30, 2025 | $47.51B | $45.91B | $47.27B | $38.39B |
Jun 30, 2025 | $52.16B | $40.25B | $38.58B | $35.53B |
Mar 31, 2025 | $57.48B | $40.64B | $39.11B | $35.75B |
Dec 31, 2024 | $62.76B | $38.78B | $38.12B | $36.38B |
Sep 30, 2024 | $50.99B | $40.72B | $37.57B | $36.41B |
Jun 30, 2024 | $53.03B | $34.83B | $37.37B | $33.11B |