LMT · 10-Q · 2026Q2 · Full report

Trade Policy and Tariffs

LOCKHEED MARTIN CORP · 2026-07-23 · Importance 20 · Surprise 24

Imported materials and component parts are subject to U.S. tariffs, sanctions, embargoes, export and import controls, and other trade restrictions. Lockheed Martin does not currently expect existing tariffs to have a material long-term impact on results of operations, excluding near-term cash-flow effects, but tariffs may increase material costs, reduce availability and delay supplier deliveries. Through June 28, 2026, the company received approximately $140 million in refunds related to prior tariff assessments.

Key facts