LMT · Earnings call · 2026Q3T · Full report
Pension Contributions and Cash
LOCKHEED MARTIN CORP · 2026-10-22 · Importance 50 · Surprise 24 · In source text
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 pension contribution in excess of $1 billion in 2027. Management has not decided whether to pre-fund the pension this year, citing strong operational cash and the planned all-cash close of Ultra Maritime.
Key facts
- Lockheed Martin expects a pension contribution in excess of $1 billion in 2027.
- Lockheed Martin has not decided whether to pre-fund its pension in 2026, citing strong operational cash, and expects to make the decision before the end of 2026.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | Lockheed Martin expects a pension contribution in excess of $1 billion in 2027. |