Scott said Lockheed Martin recorded over $65 billion in orders during the second half of 2025, producing a 1.2 full-year book-to-bill and driving the fourth consecutive year of backlog growth. Multi-year missile framework agreements and capacity expansionA major theme of the call was Lockheed Martin’s push toward longer-term procurement structures. Scott said Lockheed Martin’s 2026 guidance assumes PAC-3 and THAAD multi-year agreements are awarded during the year, with initial sales starting in 2026. He said required contributions return starting in 2027 at “at least $1 billion,” depending on pension performance, and that Lockheed Martin may again be opportunistic about pre-funding if cash flow allows. About Lockheed Martin (NYSE:LMT)Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers.