Lockheed Martin is trading at $588.99, up 7.51%, after beating third-quarter expectations and raising its 2026 sales and earnings outlook for a second consecutive quarter. - Sales rose 11% to $20.7 billion; CNBC and Reuters reported shares moved higher after the results and guidance update. - Backlog reached a record $292 billion, supported by strong missile and aircraft production; management flagged F-35 contract funding and cost risks. - Broader markets were weaker, making the company-specific earnings catalyst the clearest explanation for the gain.