Lockheed Martin (LMT)
Builds military aircraft, missiles, helicopters, naval combat systems and space hardware.
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Designs, builds and sustains military aircraft, missiles, helicopters, naval combat systems and space systems across aircraft, missile, mission-systems and space businesses. Most sales come from U.S. government contracts, and the F-35 is its largest program.
Designs, manufactures and sustains military aircraft, missiles, helicopters, naval combat systems and space hardware through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Major programs include the F-35, C-130 and F-16; PAC-3, THAAD and HIMARS; Sikorsky Black Hawk and Seahawk helicopters; Aegis; and satellites, strategic missiles and Orion spacecraft.
Runs long-lived production and sustainment programs while integrating sensors, weapons, platforms and command systems across air, land, sea and space. Skunk Works develops advanced aircraft and related technologies, while classified programs span several business areas.
Most sales come from the U.S. government, with international business serving allied governments directly or through foreign military sales. The F-35 alone contributes more than a quarter of sales. Contract awards, appropriations, export controls, program performance and specialized suppliers shape revenue and execution.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 8, 2026 | UBS | Upgrade | Target: $581 | Target: $674 |
| Jul 27, 2026 | Wells Fargo | Target | Target: $575 | Target: $600 |
| Jul 24, 2026 | UBS | Reiterate | Rating: —Target: $663 | Target: $581 |
| Jul 24, 2026 | Robert W. Baird | Target | Target: $550 | Target: $700 |
| Jul 24, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $653 | Target: $690 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $3.79B · Total debt $20.54B · Total assets $62.45B · Shareholders' equity $8.77B
- Revenue
- $20.06B
- Operating income
- $2.48B
- Net income
- $1.84B
HistoryDividendAnnual yield
| Institutions | 79.06% | 182.46M shares | |
|---|---|---|---|
| 2,865 holders · as of Jun 30, 2026 | |||
| Insiders | 0.04% | 98.0K shares | |
| 13 holders · as of Aug 13, 2026 | |||
| Other | 20.90% | 48.24M shares | |
| remainder | |||
230.79M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
State Street CorpInstitution | 14.29% | 32.98M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.18% | 18.88M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.13% | 14.16M | as of Jun 30, 2026 |
Charles Schwab Investment Management IncInstitution | 3.38% | 7.81M | as of Jun 30, 2026 |
Sixth Street Partners Management Company, L.P.Institution | 3.38% | 7.81M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | John Donovan | director | −3,378 | |
| Aug 12, 2026 | Robert M. JR Lightfoot | officer: President Space | −196 | $600.12 |
| Aug 11, 2026 | Robert M. JR Lightfoot | officer: President Space | −2,410 | |
| Mar 11, 2026 | Timothy S. Cahill | officer: Pres. Missiles & Fire Control | −4,620 | |
| Feb 27, 2026 | Gregory M. Ulmer | officer: President Aeronautics | −2,840 |
- RTX
Head-to-head across missiles, air defense interceptors, and every F-35 engine and avionics suite.
- Northrop Grumman
Dominates long-range stealth bombing and space systems while supplying F-35 airframe structures.
- Boeing
Rival in tactical fighters, rotorcraft, and bombers; lost FLRAA and B-21 to rivals but contests export slots.
- General Dynamics
Competes in ground combat systems, C4ISR, and defense IT while teaming on solid rocket motors.
- L3Harris Technologies
Rivals in C5ISR, space payloads, electronic warfare, and missile propulsion after Aerojet acquisition.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lockheed Martin | $529.77 | −1.05% | $123.57B | 19.7 | 16.8 | 1.6 | +10.5% |
| RTX | $192.34 | −1.03% | $261.92B | 34.2 | 26.1 | 2.8 | +14.5% |
| Northrop Grumman | $520.40 | −1.19% | $74.82B | 16.7 | 17.8 | 1.7 | +5.1% |
| Boeing | $201.45 | +0.15% | $158.98B | 87.1 | 152.6 | 1.7 | +8.0% |
| General Dynamics | $350.57 | −0.94% | $95.75B | 21.6 | 20.0 | 1.7 | +8.1% |
| L3Harris Technologies | $244.63 | −0.93% | $45.98B | 24.9 | 19.7 | 2.0 | +8.4% |
| Median | 24.9 | 20.0 | 1.7 | +8.1% |