LMT · Automotive

LOCKHEED MARTIN CORP

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-08

• Defense Spending OutlookImportance 40 · Surprise 56
  President Donald Trump’s proposed $1.5 trillion FY2027 defense budget faces diminished prospects after Democrats won control of both chambers of Congress. The proposal would represent a 44% spending increase, but faces…

News · 2026-11-06

• Skynet Contract BidImportance 52 · Surprise 42
  Lockheed Martin is proposing to build a military-satellite factory at North East Technology Park in County Durham, United Kingdom, if its UK subsidiary wins a £2 billion contract to operate the Skynet military…
• Skynet Satellite Contract BidImportance 52 · Surprise 42
  Lockheed Martin is proposing to build a new generation of military communications satellites at the North East Technology Park in County Durham for Britain’s Skynet system. The proposed facility is expected to create…
• UK Skynet Satellite Contract BidImportance 52 · Surprise 42
  Lockheed Martin is proposing a factory in County Durham to build military satellites for Britain, with the company saying the facility would create 500 skilled jobs. The project depends on the UK Ministry of Defence…
• Counter-Drone TechnologyImportance 32 · Surprise 48
  A market report cited in the digest projects the global counter-drone and anti-UAS technology market will grow from $3.14 billion in 2025 to $3.98 billion in 2026, a 26.5% compound annual growth rate. It describes…

News · 2026-11-05

• Order Backlog and Book-to-BillImportance 44 · Surprise 24
  Lockheed Martin ended the reported period with a record $292 billion backlog. The third-party report says the backlog reflects solid demand visibility. It does not identify the products, customer programs, or…
• Backlog and Revenue OutlookImportance 44 · Surprise 24
  A November 5 Zacks feature reported that Lockheed Martin exited the latest period with a record $292 billion backlog. The report characterized the backlog as reflecting solid demand visibility. It did not provide a…
• Revenue Performance and MixImportance 42 · Surprise 22
  Lockheed Martin’s latest reported sales climbed 11% year over year to $20.7 billion. Earnings increased 14% to $1.8 billion over the same period. The report did not provide segment revenue or mix details.

News · 2026-11-04

• Order Backlog and Book-to-BillImportance 56 · Surprise 24
  Lockheed Martin reportedly exited the period with a record $292 billion backlog, indicating substantial demand visibility. The report does not provide a segment or geographic breakdown of the backlog.
• Revenue Performance and MixImportance 47 · Surprise 22
  Lockheed Martin’s sales increased 11% year over year to $20.7 billion in the latest reported period, exceeding the 10% change threshold. Earnings rose 14% to $1.8 billion over the same period. The company ended the…
• Competition and Market ShareImportance 31 · Surprise 42
  Lockheed Martin had withdrawn from the U.S. Navy’s Undergraduate Jet Training System (UJTS) competition earlier in the year, joining Boeing and Northrop Grumman among major aerospace companies no longer bidding. With…

News · 2026-11-03

• Manufacturing Capacity ExpansionImportance 71 · Surprise 82
  Lockheed Martin is investing $420 million in its Camden, Arkansas, manufacturing operations and plans to add 650 full-time jobs over five years. The expansion is intended to increase capacity for PAC-3, Terminal High…
• PAC-3 Contract AwardImportance 64 · Surprise 42
  Lockheed Martin’s PAC-3 award is reported at $58.6 billion, exceeding the stated materiality threshold. The report connects the award to increased U.S. defense spending and factory expansion. It does not provide award…
• International Defense Program ExpansionImportance 44 · Surprise 24
  Former UK defence secretary Sir Ben Wallace urged Andy Burnham to block the Ministry of Defence from awarding the £2 billion Skynet 6A military satellite contract to Lockheed Martin, which was described as the…

News · 2026-11-02

• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Lockheed Martin completed its $3.45 billion acquisition of Ultra Maritime, a Nova Scotia-based undersea defense company, last week after agreeing to the deal in July 2026. The acquisition expands Lockheed Martin’s…
• Defense Contract AwardsImportance 46 · Surprise 42
  Lockheed Martin reportedly secured a 10-year F-35 framework and a $694 million hypersonic-weapons contract. The report also cites a record backlog and multiyear defense commitments as evidence of sustained demand. It…

News · 2026-11-01

• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Lockheed Martin completed its acquisition of Nova Scotia-based Ultra Maritime for $3.45 billion, following a deal signed in July 2026. The acquisition adds a company specializing in undersea and anti-submarine warfare,…
• Products and TechnologyImportance 30 · Surprise 42
  Ultra Maritime’s Columbia City, Indiana facility produces sonobuoys, adding a maritime product capability to Lockheed Martin’s portfolio. The new business unit plans to expand into other maritime markets, particularly…

News · 2026-10-31

• PAC-3 Contract AwardImportance 58 · Surprise 42
  The U.S. State Department approved a $2.1 billion sale of 500 Patriot PAC-3 missiles to Ukraine, with Lockheed Martin as the principal contractor. Canada, Germany, Norway, and the EU's Ukraine Support Loan are…
• Patriot Missile Demand OutlookImportance 43 · Surprise 24
  The U.S. State Department approved a $2.1 billion sale of 500 Patriot PAC-3 missiles to Ukraine, with funding from Canada, Germany, Norway, and the EU's Ukraine Support Loan. Ukraine's president welcomed the decision…
• International Missile-System OrdersImportance 43 · Surprise 24
  The U.S. State Department approved a $2.1 billion sale of 500 Patriot PAC-3 missiles to Ukraine, with Lockheed Martin as principal contractor. Canada, Germany, Norway, and the EU’s Ukraine Support Loan are providing…

10-Q · 2026-10-22

• Stock Repurchases and Debt RepaymentImportance 77 · Surprise 82
  The company made no share repurchases during the nine months ended September 27, 2026, compared with $2.3 billion spent to repurchase 5.0 million shares in the prior-year period. It also repaid $1.2 billion of…
• Acquisition / Partnership / DivestitureImportance 65 · Surprise 60
  The company expects to fund the pending $3.45 billion acquisition of Ultra Maritime with cash on hand. It guaranteed $750 million of certain United Launch Alliance borrowings and said it expects to provide additional…
• Cash Flow and Capital ExpendituresImportance 59 · Surprise 48
  Net cash provided by operating activities increased $1.555 billion to $6.893 billion for the nine months ended September 27, 2026, primarily because of higher customer receipts and lower tax payments. Free cash flow…
• Defense Spending OutlookImportance 58 · Surprise 42
  The FY 2026 National Defense Authorization Act authorized $901 billion for national defense, and the Consolidated Appropriations Act provided $839.2 billion in discretionary national defense funding through September…
• Segment Revenue PerformanceImportance 54 · Surprise 40
  For the nine months ended September 27, 2026, Missiles and Fire Control (MFC) sales rose 17% to $12.251 billion, driven by $1.2 billion of higher PAC-3 and THAAD sales and $510 million of higher GMLRS and PrSM sales.…
• Liquidity and Debt PositionImportance 51 · Surprise 38
  At September 27, 2026, the company held $5.960 billion of cash and cash equivalents, up from $4.121 billion at the beginning of the year. It had $5.25 billion of unsecured revolving credit facilities and no outstanding…
• F-35 Production and BacklogImportance 50 · Surprise 24
  Lockheed Martin delivered 43 F-35 aircraft in the quarter and had delivered 1,387 production aircraft cumulatively through September 27, 2026, comprising 989 F-35A, 255 F-35B, and 143 F-35C variants. Its F-35 backlog…
• Customer Revenue ConcentrationImportance 49 · Surprise 6
  For the nine months ended September 27, 2026, 70% of the company’s $58.8 billion in sales came from the U.S. Government, including 61% from the Department of War. The remaining 30% came from international customers,…
• Revenue Performance and MixImportance 47 · Surprise 22
  For the nine months ended September 27, 2026, sales increased 7% to $58.795 billion from $54.727 billion; quarterly sales rose 11% to $20.711 billion from $18.609 billion. Nine-month product sales increased 8% to…
• Operating Profit and MarginsImportance 46 · Surprise 56
  Nine-month consolidated operating profit increased to $6.985 billion from $5.400 billion, while gross profit rose to $6.960 billion from $5.297 billion. Aeronautics operating profit increased 63% to $2.122 billion,…
• U.S. Tax Law ChangesImportance 46 · Surprise 42
  The One Big Beautiful Bill Act, signed July 4, 2025, permanently reinstated immediate expensing for domestic research expenditures, restored full expensing for qualified machinery, equipment and other short-lived…
• Market Demand TrendsImportance 40 · Surprise 42
  Conflicts and tensions in the Middle East, Europe, and the Pacific have heightened security requirements, while the company notes that its business primarily operates on a long-cycle basis. The U.S. Government has…
• Contract Profit AdjustmentsImportance 34 · Surprise 42
  During the nine months ended September 27, 2026, Aeronautics recorded unfavorable profit adjustments of $170 million on F-16 and $175 million on C-130, while RMS recorded $125 million on Heavy Lift and $95 million on…
• Supply Chain ConstraintsImportance 32 · Surprise 24
  The company continues to experience supplier shortages and performance issues, although on-time deliveries have generally been steady and pressures remain in certain areas. It is working with suppliers to meet contract…
• Income Tax Rate ChangesImportance 18 · Surprise 14
  The effective tax rate for the nine months ended September 27, 2026 fell to 15.6% from 16.4% in 2025, and the quarterly rate declined to 15.1% from 16.5%. The rate decreases were primarily attributable to increased…

Earnings call · 2026-10-22

• Backlog and Book-to-BillImportance 89 · Surprise 82
  Lockheed Martin ended the third quarter with a record $292 billion backlog, up $113 billion from the third quarter of 2025, and a 4x book-to-bill ratio. The seven-year PAC-3 contract was the largest quarterly…
• Guidance and OutlookImportance 80 · Surprise 68
  Lockheed Martin raised 2026 sales guidance to $80 billion–$82 billion, implying approximately 8% growth at the midpoint, and raised segment operating profit guidance to $8.575 billion–$8.675 billion. The company…
• Missile Production Ramp DemandImportance 77 · Surprise 82
  Management said the Department of War is investing in quadrupling Precision Strike Missile production, and PrSM Increment 2 moved from flight tests to a $1.2 billion production contract in the same year. The award…
• F-35 Production and SustainmentImportance 64 · Surprise 42
  Management said a 10-year F-35 multi-year agreement establishes a path to 850 U.S. aircraft and production of 156 aircraft per year for 10 years, augmented by allied sales. The agreement is intended to provide…
• Revenue Performance and MixImportance 54 · Surprise 40
  Third-quarter 2026 sales rose 11% year over year to $20.7 billion, with higher volume across all four segments. Aeronautics sales increased 13% on higher F-35 volume and recovery of C-130 pre-contract costs; MFC sales…
• Operating Profit and MarginsImportance 54 · Surprise 40
  Third-quarter segment operating profit was $2.2 billion, with a 10.8% operating margin, and EPS increased 15% year over year to $7.97 from $6.95. Profit growth was driven by volume at MFC and Aeronautics and a…
• Pension Contributions and CashImportance 50 · Surprise 24
  Management said the tax benefit is expected to continue into next year, though it expects a smaller benefit than in 2026. The year-over-year tax impact is expected to be a slight tailwind. Lockheed Martin expects a…
• Missile Contract Financial TermsImportance 46 · Surprise 42
  The company said customer arrangements for munitions production are intended to provide cash neutrality during the investment ramp, with product deliveries generating cash once production ramps. Existing headline…
• Manufacturing Capacity ExpansionImportance 46 · Surprise 42
  Lockheed Martin is adding 2 million square feet of facilities across eight sites over three years to support munitions production, with more than half of the additions already under construction. It is hiring and…
• Cash Flow and Capital ExpendituresImportance 44 · Surprise 24
  Third-quarter cash from operations was $3.4 billion and free cash flow was $3.0 billion; year-to-date amounts were $6.9 billion and $5.6 billion, respectively. Higher customer receipts on F-35 in Aeronautics, MFC, and…
• Quarterly Dividend DeclarationImportance 39 · Surprise 50
  The board increased the quarterly dividend by $0.15 to $3.60 per share. The increase marked Lockheed Martin’s 24th consecutive year of dividend increases. Management said capital deployment prioritizes investment in…
• Supply Chain ConstraintsImportance 38 · Surprise 24
  Management said the company and its suppliers are resolving longstanding production bottlenecks to enable substantially higher deliveries. New supplier contracts included a $4.7 billion L3Harris PAC-3 propulsion…
• Acquisition / Partnership / DivestitureImportance 34 · Surprise 42
  The Ultra Maritime acquisition remained on track to close in the fourth quarter of 2026. Management said all regulatory approvals required to close had been received and that the acquisition is expected to be funded…
• Products and TechnologyImportance 34 · Surprise 42
  Lockheed Martin introduced PAC-3 ACE, a lower-cost interceptor for cruise and short-range ballistic missiles, and advanced PAC-3 Edge to the next development stage for the Army's Future Interceptor program. The Edge…
• Inflationary Cost PressuresImportance 34 · Surprise 42
  For its seven-year munitions agreements, management described an annual price escalator from an agreed year-zero price, with the escalator based on an inflation index for the industry. The fixed-price escalator is…
• Autonomous Aircraft DevelopmentImportance 34 · Surprise 42
  Lockheed Martin approved building five Vectis autonomous aircraft using its own investment, after the program progressed from initial drawings to wind-tunnel testing in under two months and released its first…
• International Market GrowthImportance 26 · Surprise 24
  Management cited growing international demand across Lockheed Martin's portfolio. Australia awarded an $800 million contract for the next tranche of its AIR 6500 joint air battle management system and committed to be…
• Income Tax Rate ChangesImportance 20 · Surprise 24
  Management attributed part of its raised 2026 cash-flow outlook to continued benefits from IRS tax guidance received earlier in the year. The revised outlook calls for cash from operations of $10 billion–$10.2 billion…
• U.S. Budget and Procurement UncertaintyImportance 20 · Surprise 24
  Fiscal 2027 opened under a continuing resolution, while the outcome of additional funding through reconciliation remained unresolved. Management said continuing resolutions affect timing and new starts but do not…
• Market Demand TrendsImportance 10 · Surprise 6
  Management described sustained defense demand against continued military ambitions and production activity by Russia, Iran, and China, citing aircraft, missiles, and satellites in particular. It said maintaining…
• Defense Spending OutlookImportance 10 · Surprise 6
  Management cited continuing geopolitical tensions, saying Russia is not backing off its designs on Europe, Iran continues to pursue greater dominance in the Middle East, and China’s aircraft, missile, and satellite…

8-K · 2026-10-22

• F-35 Contract Funding RiskImportance 39 · Surprise 48
  Lockheed Martin remains in negotiations with the U.S. Government over production contracts for F-35 lots 20 and higher. During the third quarter of 2026, costs incurred began to exceed the current contractual…
• C-130J Product TransitionImportance 34 · Surprise 42
  C-130 program sales increased $270 million in the third quarter because of liquidation of pre-contract costs incurred in anticipation of a contract award. Lockheed Martin delivered two C-130J aircraft during the…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The third-quarter 2026 effective income tax rate declined to 15.1% from 16.5% in the prior-year quarter. The reduction was primarily attributable to increased deductions for foreign derived deduction eligible income.…