Lockheed Martin Corporation LMT

What the company does

Lockheed Martin Corporation is a large-cap company in the Industrials sector (Aerospace & Defense), with a market value of $139.6B, based in the USA.

It employs about 123,000 people and has been listed since Jan 03, 1977.

Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.

Cheap or expensive? priced in line with its group

Its price-to-earnings (P/E) is 21.5 versus 26.2 for 4 direct peers — priced in line with its group.

Revenue is growing 11% versus the same quarter last year.

On analysts' next-year forecasts the multiple drops to 16.2 — they expect higher earnings.

The average analyst price target is 634.52, 5% above the current price (their view, not ours).

The stock sits at 69% of its one-year range (0% = the low, 100% = the high).

The risks

• • Net debt is 1.4× shareholders' equity — high leverage.

Strengths

• ✅ Profitable — 9 of every 100 dollars of revenue stays as profit.
• ✅ Generates free cash flow — profit becomes cash in the bank.
• ✅ Most analysts rate it buy (10 vs 1).
• ✅ Pays a dividend (2.3% a year).

What changed this week

Over the past week the stock rose 9.4% (for comparison: S&P 500 -0.4%, sector ETF XLI -1.9%).

The company published its quarterly report this week — see the plain-language summary above.

This week's news

• Earnings Scoreboard: 82% firms beat EPS estimates, 79% post Y/Y earnings growth seekingalpha.com · 2026-10-24
  What the article says

  [Top view image of text THIRD QUARTER on office desk.] mohd izzuan Earnings season gathered momentum during the last week, with 76 S&P 500 companies reporting results across key sectors, including Financials, Communication Services, Consumer Discretionary, Industrials, and Energy. The results offered a fresh look at… source ↗

• Earnings scorecard: 17 out of 20 industrial companies beat EPS estimates this week seekingalpha.com · 2026-10-24
  What the article says

  Industrial companies remained in the spotlight this week as investors digested quarterly results from General Electric (GE [https://seekingalpha.com/symbol/GE]), Lockheed Martin (LMT [https://seekingalpha.com/symbol/LMT]), RTX (RTX [https://seekingalpha.com/symbol/RTX]), 3M (MMM [https://seekingalpha.com/symbol/MMM]),… source ↗

• 3 Space Stocks With Up To 42% Earnings Growth finance.yahoo.com · 2026-10-24
  What the article says

  Space is quietly colliding with your daily life, and the latest signal comes from reports that SpaceX aims to enter the US wireless market by tapping its Starlink satellite network. When a private rocket champion starts eyeing phone bills, it highlights how orbital infrastructure is bleeding into mainstream services.… source ↗

• Lockheed Martin (LMT) Following Its Earnings Beat And F 35 Deal Still Looks Undervalued finance.yahoo.com · 2026-10-23
  What the article says

  Lockheed Martin (LMT) just paired a Q3 earnings beat with another increase to its 2026 outlook, supported by double digit sales and profit growth and a new decade long F-35 framework. The strong Q3 print and raised 2026 outlook have been met with a sharp re-rating in Lockheed Martin's shares, with a 1-day share price… source ↗

• Defense Play Elmet, Up 45% Since Its April IPO, Gets 50% Target Hike finance.yahoo.com · 2026-10-23
  What the article says

  Products and components from Elmet Group are found in an array of defense-related equipment. Shares are up 49% from its April IPO. Continue Reading source ↗

• LMT Q3 deep dive: backlog surges as munitions and F-35 contracts drive growth finance.yahoo.com · 2026-10-23
  What the article says

  LMT Q3 deep dive: backlog surges as munitions and F-35 contracts drive growth Security and Aerospace company Lockheed Martin (NYSE:LMT) announced better-than-expected revenue in Q3 2026, with sales up 11.3% year on year to $20.71 billion. The company expects the full year's revenue to be around $81 billion, close to… source ↗

What changed since last week

• Risk flag cleared: earnings report coming up.

• No longer a strength: share buybacks.

• The price rose 9.4% since the last summary.

• A new quarterly report was published (quarter ended Sep 30, 2026).