Lockheed Martin (LMT) Stock
Leading US defense contractor building military aircraft and missiles. Here's the price, business snapshot, and what's worth knowing about Lockheed Martin in October 2026.
Lockheed Martin Corporation (LMT) is a leading US aerospace and defence prime contractor, known for aircraft, missile systems, space technologies and integrated defence solutions. With a market capitalisation around $113.27 billion and a large contract backlog, the company benefits from long-term government programmes and recurring services revenue. Investors often watch its exposure to the F-35 programme, missile and space segments, and defence services, which can provide resilient cash flows but depend heavily on government budgets and foreign military sales. Key considerations include programme execution, supply-chain pressures, regulatory oversight and geopolitical risk. Lockheed Martin has historically returned cash to shareholders through dividends and buybacks, but past payments are not a guarantee of future returns. This summary is for general educational purposes and not personalised investment advice; values can rise and fall and suitability depends on individual circumstances.
Why It’s Moving
Lockheed Martin Surges on Record Backlog and Major Pentagon Contracts Despite Analyst Warnings
- The company secured a $694 million U.S. Air Force contract for the Air-Launched Rapid Response Weapon (ARRW), adding sustained hypersonic capabilities to its portfolio.
- Q3 results exceeded expectations with EPS hitting $7.97, fueled by a massive Pentagon framework agreement for 850 F-35 jets and accelerating missile production.
- Morgan Stanley upgraded LMT to overweight, highlighting soaring F-35 and missile sales, though investors remain wary of a potential billion-dollar pension hit and negative free cash flow in one quarter.
Lockheed Martin Surges on Record Backlog and Major Pentagon Contracts Despite Analyst Warnings
- The company secured a $694 million U.S. Air Force contract for the Air-Launched Rapid Response Weapon (ARRW), adding sustained hypersonic capabilities to its portfolio.
- Q3 results exceeded expectations with EPS hitting $7.97, fueled by a massive Pentagon framework agreement for 850 F-35 jets and accelerating missile production.
- Morgan Stanley upgraded LMT to overweight, highlighting soaring F-35 and missile sales, though investors remain wary of a potential billion-dollar pension hit and negative free cash flow in one quarter.
Sixth Month Growth Performance
When is the next earnings date for Lockheed Martin (LMT)?
Lockheed Martin has not yet confirmed a date for its next earnings release following the October 22, 2026 report. Based on the company's historical pattern of reporting approximately three months after each prior quarter, the next announcement is expected in late January 2027. This upcoming report will cover the fourth quarter and full-year results for fiscal year 2026. Investors should monitor official communications for the precise scheduling of this event.
Stock Performance Snapshot
Analyst Rating
Analysts advise buying Lockheed Martin's stock as it might rise from its current price.
Financial Health
Lockheed Martin is performing well with strong revenue, cash flow, and a solid profit margin.
Dividend
Lockheed Martin's dividend yield of 2.21% is reasonable for income-seeking investors. If you invested $1000 you would be paid $22.10 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Contract Backlog Strength
A substantial backlog underpins revenue visibility and cash flow over multiple years, though delays or cancellations can affect delivery and earnings.
Global Defence Demand
Geopolitical tensions and allied procurement can boost international sales, but export rules and foreign policy create variable demand.
Programme Execution Focus
Profitability depends on managing complex programmes, supply chains and costs; strong execution can reward investors, while overruns can compress margins.
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