# Lockheed's missiles segment sales rise 24% with margin nearly steady Missiles and Fire Control accounts for most of Lockheed's backlog increase from year-end through the third-quarter close. Published 2026-10-22 by TGOs. Canonical: https://tgos.io/news/2026/10/22/lockheeds-missiles-segment-sales-rise-24-with-margin-nearly/ Lockheed Martin's Missiles and Fire Control segment increased sales 24% in third-quarter 2026.[1] Sales reached $4.5 billion.[2] Its operating margin edged down to 14.0% from 14.1% a year earlier.[2] Companywide, sales rose 11% to $20.7 billion.[1] Lockheed attributed the segment's sales increase primarily to production ramps on Patriot Advanced Capability-3, Terminal High Altitude Area Defense, Guided Multiple Launch Rocket Systems and Precision Strike Missile programs.[1] **Also announced** Costs on the F-35 Lot 20 advance acquisition contract began exceeding current contractual authorization and funding during the quarter.[1] Production contracts for lots 20 and higher remain under negotiation.[1] Lockheed warned that without additional authorization and funding from the government, its operating results, cash flows and financial condition will suffer in future periods.[1] ## Why it matters Missiles and Fire Control accounted for about 97% of Lockheed's backlog increase from the prior year-end through the third-quarter close, by our calculation.[2] Total backlog reached $292.0 billion.[1][2] It included $52.5 billion associated with the multi-year award to produce PAC-3 Missile Segment Enhancement interceptors.[1] ## Sources 1. Lockheed Martin Reports Third Quarter 2026 Financial Results 2. Lockheed Martin 8-K, Exhibit 99.1, Oct. 22, 2026