Lockheed Martin Corporation LMT
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
Lockheed Martin Corporation is a large-cap company in the Industrials sector (Aerospace & Defense), with a market value of $116.6B, 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 18.6 versus 26.3 for 4 direct peers — priced in line with its group.
Revenue is growing 10% 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 636.74, 26% above the current price (their view, not ours).
The stock sits at 30% of its one-year range (0% = the low, 100% = the high).
The risks
- • Net debt is 1.9× 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.
- ✅ Buys back its shares (1% fewer shares in a year).
- ✅ Most analysts rate it buy (8 vs 1).
- ✅ Pays a dividend (2.7% a year).
What changed this week
Over the past week the stock fell 2.7% (for comparison: S&P 500 -0.2%, sector ETF XLI -0.3%).
This week's news
- L3Harris Technologies (LHX) Lands $6b THAAD Work, Is It 31% Below Fair Value? finance.yahoo.com · 2026-10-04
- RTX Secures a $511.5M Contract to Support AN/SPY-6(V) Family of Radars finance.yahoo.com · 2026-10-02
- General Electric And 2 More Space Stocks To Watch finance.yahoo.com · 2026-10-02
- Top 3 Space Stocks To Watch In October 2026 finance.yahoo.com · 2026-10-01
- Finland and Lockheed Martin Celebrate Historic Arrival of First Finnish F-35 finance.yahoo.com · 2026-10-01
- Can AEGIS Combat System Demand Boost Lockheed Martin's Growth? finance.yahoo.com · 2026-10-01
A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.