Lockheed Martin Q2 Record Backlog of $158B
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin has reported a record backlog of $158 billion in Q2.
July 18, 2023 | 11:31 am
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POSITIVE IMPACT
Lockheed Martin's record backlog of $158 billion in Q2 indicates strong demand for its products and services, which could potentially drive its stock price up in the short term.
A record backlog indicates strong demand for Lockheed Martin's products and services. This could lead to increased revenues in the future, which would likely have a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100