LMT · 10-Q · 2026Q3 · Full report
U.S. Tax Law Changes
LOCKHEED MARTIN CORP · 2026-10-22 · Importance 46 · Surprise 42 · In source text
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 assets, and modified corporate alternative minimum tax and international tax provisions. On February 18, 2026, the U.S. Treasury issued Notice 2026-7 with interim guidance on applying the corporate alternative minimum tax. The company says that, as a result of the Act and the Notice, it is no longer subject to CAMT in 2026 and expects reduced federal income tax payments for the year.
Key facts
- Following the Tax Act and Treasury Notice 2026-7, Lockheed Martin is no longer subject to CAMT in 2026 and expects reduced federal income-tax payments for 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | — | Following the Tax Act and Treasury Notice 2026-7, Lockheed Martin is no longer subject to CAMT in 2026 and expects reduced federal… |
| cash | positive | committed | — | Following the Tax Act and Treasury Notice 2026-7, Lockheed Martin is no longer subject to CAMT in 2026 and expects reduced federal… |