LMT changes
Pick any two versions below to diff them.
- Price
- $636.95 → $610.05(−4.2%)
- Discount category
- Close to intrinsic value → Below intrinsic value
- Recent events
- Oct 22, 2026: Lockheed Martin reported Q3 2026 results. Sales were $20.7 billion, up 11%, and earnings per share were $7.97, up from $6.95. Free cash flow was $3.0 billion. The backlog rose to a record $292.0 billion, including $52.5 billion from the multiyear award for PAC-3 MSE interceptors. It raised its 2026 guidance to sales of about $80.0 billion to $82.0 billion, earnings per share of about $30.35 to $30.75 and free cash flow of about $7.8 billion to $8.0 billion. It delivered 43 F-35 jets in the quarter. It said that its costs on the F-35 Lot 20 advance contract began to exceed the authorized funds in the quarter. It raised its quarterly dividend to $3.60 per share from $3.45. Oct removed: 14, 2026: Bernstein cut its price target to $564 because of possible delays in the US defense budget. On the same day, Vertical Research started coverage with a Buy rating and a $600 target. It said that funding for air defense missiles looks secure. Oct 13, 2026: Lockheed Martin and Avio signed a cooperation agreement for solid rocket motors. Avio's US unit will make motors for the Extended Range GMLRS and the Precision Strike Missile at its plant in Hurt, Virginia, after qualification. This gives Lockheed Martin a second source of motors. Sep 2, 2026: The US President signed a stopgap budget that funds the government through December 11, 2026. Most defense programs stay at the 2026 level. The stopgap does not let the Pentagon raise production rates or start new multiyear contracts, and it did not include faster purchases of PAC-3 missiles. Aug 24, 2026: Lockheed Martin signed a new $2.25 billion 364-day revolving credit facility. It also extended its $3.0 billion five-year revolving credit facility by one year, to August 24, 2031. Jul 23, 2026: Lockheed Martin reported Q2 2026 results. Sales were $20.1 billion, up 11%, and earnings per share were $7.94. Free cash flow was $2.9 billion, and new orders of $65 billion took the backlog to a record $230 billion. It raised its 2026 guidance to sales of about $79.75 billion to $81.75 billion and free cash flow of about $7.0 billion to $7.2 billion. It delivered 19 F-35 jets in the quarter, against 50 a year earlier. Jul 6, 2026: Lockheed Martin agreed to buy Ultra Maritime, a maker of undersea warfare and anti-submarine systems, for $3.45 billion. It will pay with cash on hand and new financing. It expects the deal to close in Q4 2026, after regulatory approvals. Jun 24, 2026: The Missile Defense Agency gave Lockheed Martin a multiyear contract for THAAD interceptors with a value of about $35.3 billion. The work runs from March 2026 to June 2032, and $843 million of 2026 funds were obligated at award. Apr 23, 2026: Lockheed Martin reported Q1 2026 results. Sales were $18.0 billion, flat from a year earlier, and earnings per share fell to $6.44 from $7.28. Free cash flow was negative $291 million. A $125 million charge on the F-16 program lowered profit.