Shares of Lockheed Martin (NYSE:LMT) climbed nearly 7% on Thursday after the aerospace and defense giant said its contract backlog rose to a whopping $292 billion. The F-35. Image source: Lockheed Martin. Lockheed's sales jumped 11% year over year to $20.7 billion in the third quarter. The defense contractor saw growth in production and sustainment volumes across several of its major platforms, including the F-35 strike fighter, Patriot interceptor missile, and THAAD missile defense system.
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