Lockheed Martin's $88 Billion Missile Backlog Could Be a Reason to Buy Before October 22

For decades, the F-35 has defined Lockheed Martin (LMT). Now, its order book tells a different story. At the end of June, the company’s Missiles and Fire Control (MFC) unit held $87.9 billion in backlog, nearly double its level at the start of the year. That’s well above the $54.4 billion in Aeronautics, which is the segment that builds the F-35 jet.

Lockheed Martin’s latest product launch shows it plans to build on that lead. Let's take a closer look.