Lockheed Martin Corp. expects its order backlog to reach a record $140 billion by the end of the year, showing the resilience of some U.S. defense companies in the face of domestic budget pressures and geopolitical turmoil. The world’s largest defense company by revenue said Tuesday that while it expects sales growth to slow next year following surging sales of missiles, space systems and its F-35 combat jet in 2019, it will still generate more cash for dividends and stock buybacks.

Source: Wall Street Journal October 22, 2019 12:28 UTC