LMT · Earnings call · 2026Q3T · Full report

U.S. Budget and Procurement Uncertainty

LOCKHEED MARTIN CORP · 2026-10-22 · Importance 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 change the direction of demand for Lockheed Martin’s capabilities. It noted that multi-year contracts and undefinitized contract actions can support production starts while appropriations take more time.

Key facts

• Fiscal 2027 opened under a continuing resolution, and additional funding through reconciliation was still taking shape.
• Continuing resolutions affect timing and new starts but do not change the direction of demand for Lockheed Martin’s capabilities.