LMT · 10-Q · 2026Q3

LOCKHEED MARTIN CORP

Filed 2026-10-22 · Automotive · View original filing on EDGAR

Ranked Events

• Stock Repurchases and Debt RepaymentImportance 77 · Surprise 82
  The company made no share repurchases during the nine months ended September 27, 2026, compared with $2.3 billion spent to repurchase 5.0 million shares in the prior-year period. It also repaid $1.2 billion of…
• Acquisition / Partnership / DivestitureImportance 65 · Surprise 60
  The company expects to fund the pending $3.45 billion acquisition of Ultra Maritime with cash on hand. It guaranteed $750 million of certain United Launch Alliance borrowings and said it expects to provide additional…
• Cash Flow and Capital ExpendituresImportance 59 · Surprise 48
  Net cash provided by operating activities increased $1.555 billion to $6.893 billion for the nine months ended September 27, 2026, primarily because of higher customer receipts and lower tax payments. Free cash flow…
• Defense Spending OutlookImportance 58 · Surprise 42
  The FY 2026 National Defense Authorization Act authorized $901 billion for national defense, and the Consolidated Appropriations Act provided $839.2 billion in discretionary national defense funding through September…
• Segment Revenue PerformanceImportance 54 · Surprise 40
  For the nine months ended September 27, 2026, Missiles and Fire Control (MFC) sales rose 17% to $12.251 billion, driven by $1.2 billion of higher PAC-3 and THAAD sales and $510 million of higher GMLRS and PrSM sales.…
• Liquidity and Debt PositionImportance 51 · Surprise 38
  At September 27, 2026, the company held $5.960 billion of cash and cash equivalents, up from $4.121 billion at the beginning of the year. It had $5.25 billion of unsecured revolving credit facilities and no outstanding…
• F-35 Production and BacklogImportance 50 · Surprise 24
  Lockheed Martin delivered 43 F-35 aircraft in the quarter and had delivered 1,387 production aircraft cumulatively through September 27, 2026, comprising 989 F-35A, 255 F-35B, and 143 F-35C variants. Its F-35 backlog…
• Customer Revenue ConcentrationImportance 49 · Surprise 6
  For the nine months ended September 27, 2026, 70% of the company’s $58.8 billion in sales came from the U.S. Government, including 61% from the Department of War. The remaining 30% came from international customers,…
• Revenue Performance and MixImportance 47 · Surprise 22
  For the nine months ended September 27, 2026, sales increased 7% to $58.795 billion from $54.727 billion; quarterly sales rose 11% to $20.711 billion from $18.609 billion. Nine-month product sales increased 8% to…
• U.S. Tax Law ChangesImportance 46 · Surprise 42
  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…
• Operating Profit and MarginsImportance 46 · Surprise 56
  Nine-month consolidated operating profit increased to $6.985 billion from $5.400 billion, while gross profit rose to $6.960 billion from $5.297 billion. Aeronautics operating profit increased 63% to $2.122 billion,…
• Market Demand TrendsImportance 40 · Surprise 42
  Conflicts and tensions in the Middle East, Europe, and the Pacific have heightened security requirements, while the company notes that its business primarily operates on a long-cycle basis. The U.S. Government has…
• Contract Profit AdjustmentsImportance 34 · Surprise 42
  During the nine months ended September 27, 2026, Aeronautics recorded unfavorable profit adjustments of $170 million on F-16 and $175 million on C-130, while RMS recorded $125 million on Heavy Lift and $95 million on…
• Supply Chain ConstraintsImportance 32 · Surprise 24
  The company continues to experience supplier shortages and performance issues, although on-time deliveries have generally been steady and pressures remain in certain areas. It is working with suppliers to meet contract…
• Income Tax Rate ChangesImportance 18 · Surprise 14
  The effective tax rate for the nine months ended September 27, 2026 fell to 15.6% from 16.4% in 2025, and the quarterly rate declined to 15.1% from 16.5%. The rate decreases were primarily attributable to increased…

Revenue by Product (in millions)

Revenue by Geography (in millions)