LMT · 8-K · 20261022PR066780

Income Tax Rate Changes

LOCKHEED MARTIN CORP · 2026-10-22 · Importance 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. The benefit was partly offset by the absence of a favorable resolution of certain federal income tax audit items recognized in the prior year. Third-quarter income tax expense was $327 million on $2.172 billion of pretax earnings, compared with $319 million on $1.938 billion of pretax earnings in 2025.

Key facts

• Effective income tax rate for Q3 2026: 15.1%, compared to 16.5% in Q3 2025. source