# Lockheed Martin financial performance and growth > Live situation record from CLSTR: https://clstr.news/situations/lockheed-martin-financial-performance-and-growth > Updated: 2026-10-22T12:17:16.000Z. Sources: 7. Developments: 2. Lockheed Martin has demonstrated significant financial growth and increased shareholder returns throughout late 2026. In October, the company authorized a fourth-quarter dividend of $3.60 per share, marking its 24th consecutive year of annual dividend hikes. This dividend increase followed strong second-quarter performance, where the company reported $20.1 billion in sales and a total backlog of $230.4 billion. By the third quarter, Lockheed Martin reported consolidated sales of approximately $20.7 billion and a 15% year-over-year increase in profits, with earnings per share of $7.97 exceeding Wall Street estimates. Growth has been driven by high demand in the missiles and fire control segment, as well as a new framework agreement with the U.S. Department of Defense for the F-35 fighter jet program. This agreement involves the delivery of 850 aircraft over ten years. Consequently, the company’s total backlog reached a record $292 billion, prompting an upward revision of its full-year 2026 earnings guidance. ## Timeline ### 2026-10-22: Lockheed Martin reports record backlog and Q3 earnings beat Lockheed Martin exceeded Q3 estimates with $20.7 billion in sales and a record $292 billion order backlog, bolstered by a major F-35 fighter jet agreement with the U.S. Department of Defense. 5 sources. https://clstr.news/cluster/lockheed-martin-reports-record-backlog-and-q3-earnings-beat ### 2026-10-19: Lockheed Martin increases dividend for 24th consecutive year Lockheed Martin has raised its quarterly dividend to $3.60 per share, marking 24 straight years of increases amid a record $230.4 billion backlog. 2 sources. https://clstr.news/cluster/lockheed-martin-increases-dividend-for-24th-consecutive-year --- Cite as: Lockheed Martin financial performance and growth. CLSTR, https://clstr.news/situations/lockheed-martin-financial-performance-and-growth