Lockheed Martin stock | Expectations for 2026, valuation & analysis

Lockheed Martin

NYSE:LMT

$ 604,39

+ $5,82 (0,97%)

604,39 $

+$5,82 (0,97%)

End-of-day quote: 03/31/2026

Lockheed Martin Stock Value

The current analyst rating for NYSE:LMT is Hold.

Hold

Lockheed Martin Company Info

EPS Growth 5Y

-2,59%

Market Cap

$137,95 B

Long-Term Debt

$20,53 B

Short Interest

1,67%

Quarterly earnings

04/21/2026

Dividend

$13,96

Dividend Yield

2,31%

Founded

1912

Industry

Industrials

Country

United States

ISIN Number

US5398301094

Website

http://www.lockheedmartin.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$660,00

9.2%

Last Update: 04/01/2026

Analysts: 19

Highest Price Target $756,00

Average Price Target $660,00

Lowest Price Target $517,00

In the last five quarters, Lockheed Martin’s Price Target has risen from $409,11 to $488,84 - a 19,49% increase. Seventeen analysts predict that Lockheed Martin’s share price will increase in the coming year, reaching $660,00. This would represent an increase of 9,20%.

Top growth stocks in the industrials sector (5Y.)

What does Lockheed Martin do?

Lockheed Martin Corporation operates as a global aerospace and defense company. The company principally engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company also provides a broad range of management, engineering, technical, scientific, logistics, system integration, and cybersecurity services. The company’s main areas of focus are on defense, space, intelligence, homeland security, and information technology, including cybersecurity. The company serves both the U.S. and international customers with products and services that have defense, civil, and commercial applications, with its principal customers being agencies of the U.S. Government.

21st Century Security guides the company’s strategy and investments. As the company’s growth pillars continue to evolve, it focuses on advancing all-domain mission solutions through investments in digital technologies such as Artificial Intelligence (AI)/Machine Learning (ML), Autonomy and Crewed/Uncrewed Teaming, Generative Design and other technologies and capabilities enabling Combined Joint All-Domain Command and Control (CJADC2). Innovations in these areas will expand capability, improve interoperability, increase demand for its multi-domain solutions and drive efficient conversion of backlog into growth across its portfolio. The company has well established programs across its business segments that continue to experience growth, including F-35 sustainment activity (Aeronautics); increased Patriot Advanced Capability-3 (PAC-3) production rates and increased demand for High Mobility Artillery Rocket System (HIMARS) and Guided Multiple Launch Rocket Systems (GMLRS) (Missiles and Fire Control); radar surveillance systems and CH-53K King Stallion heavy lift helicopter (Rotary and Mission Systems); and the modernization of and enhancements to the Trident II D5 Fleet Ballistic Missile (FBM) (Space). Additionally, its teams continue to transform its products and rapidly innovate for the future, developing 6th generation air dominance technologies within Skunk Works, demonstrating autonomous capabilities with the X-62A (F-16) and optionally piloted BLACK HAWK, creating new Joint All-Domain Operating systems with Defense of Guam and AIR 6500 in Australia, establishing small-to-medium satellite capabilities to support proliferated space constellations and advancing hypersonic capabilities.

Keys to enabling success of the company’s strategy include developing and investing in differentiating technologies, forging strategic partnerships, including with commercial companies, executing on its multi-year business transformation initiative to enhance its digital infrastructure and increase efficiencies and collaboration throughout its business and maintaining fiscal discipline.

Segments

The company operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

Aeronautics

Aeronautics engages in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. Aeronautics also has contracts with the U.S. Government for various classified programs. Aeronautics’ major programs include:

F-35 Lightning II – international multi-role, multi-variant, fifth generation stealth fighter,

C-130 Hercules – international tactical airlifter,

F-16 Fighting Falcon – combat-proven, international multi-role fighter, and

F-22 Raptor – air dominance and multi-role fifth generation stealth fighter.

The F-35 program is the company’s largest program, generating 26% of its total consolidated net sales, as well as 65% of Aeronautics’ net sales in 2024. The F-35 program consists of multiple development, production, and sustainment contracts. Development focuses on modernization of F-35’s capability and addressing emerging threats. Sustainment provides logistics and training support for the aircraft delivered to F-35 customers.

In addition to the aircraft programs, Aeronautics is involved in advanced development programs incorporating innovative design and rapid prototype applications. The company’s Advanced Development Programs (ADP) organization, also known as Skunk Works, focuses on future systems, including unmanned and manned aerial systems and next generation capabilities for air dominance, hypersonics, intelligence, surveillance, reconnaissance, situational awareness, and air mobility. The company continues to explore technology advancement and insertion into its existing aircraft. The company involves in numerous network-enabled activities that allow separate systems to work together to increase effectiveness and it continues to invest in new technologies to maintain and enhance competitiveness in military aircraft design, development, and production.

Missiles and Fire Control

MFC provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; ground vehicles; and energy management solutions. MFC also has contracts with the U.S. Government for various classified programs. MFC’s major programs include:

The Patriot Advanced Capability-3 (PAC-3) and Terminal High Altitude Area Defense (THAAD) air and missile defense programs. PAC-3 is an advanced defensive missile for the U.S. Army and international customers designed to intercept and eliminate incoming airborne threats using kinetic energy. THAAD is a transportable defensive missile system for the U.S. Government and international customers designed to engage targets both within and outside of the Earth’s atmosphere.

The Multiple Launch Rocket System (MLRS), Precision Strike Missile (PrSM), Joint Air-to-Surface Standoff Missile (JASSM), Long Range Anti-Ship Missile (LRASM), and Hellfire tactical and strike missile programs. MLRS is a highly mobile, automatic system that fires surface-to-surface rockets and missiles from the M270 and High Mobility Artillery Rocket System (HIMARS) platforms produced for the U.S. Army and international customers and PrSM is the next generation of precision strike surface-to-surface weapon systems that is compatible with the MLRS family of launchers in support of the U.S. Army. JASSM is an air-to-ground missile launched from fixed-wing aircraft, which is produced for the U.S. Air Force and international customers. LRASM is a precision guided anti-ship missile derived from JASSM and designed to interdict a variety of surface threats at very long range and produced for the U.S. Air Force, U.S. Navy, and international customers. Hellfire is an air-to-ground missile used on rotary and fixed-wing aircraft, which is produced for the U.S. Army, Navy, Marine Corps and international customers.

The Apache fire control system, Sniper Advanced Targeting Pod (SNIPER) and Infrared Search and Track (IRST21) sensors and global sustainment programs. The Apache fire control system provides weapons-targeting capability for the Apache helicopter for the U.S. Army and international customers. SNIPER is a targeting system for several fixed-wing aircraft and is produced for the U.S. Air Force and international customers. IRST21 provides long-range infrared detection and tracking of airborne threats and is used on several fixed-wing aircraft. IRST21 is produced for the U.S. Air Force, the U.S. Navy, the National Guard and international customers.

The Special Operations Forces Global Logistics Support Services (SOF GLSS) program, which provides logistics support services to the special operations forces of the U.S. military.

Hypersonics programs, which include several programs with the U.S. Air Force and U.S. Army to design, develop and build hypersonic strike weapons.

The Javelin program, which is a one-person portable and platform-employable anti-tank and multi-target precision weapon system. Javelin was developed and is currently produced for the U.S. Army and U.S. Marine Corps by a joint venture between Lockheed Martin and RTX Corporation.

Rotary and Mission Systems

RMS designs, manufactures, services and supports various military and commercial helicopters, sea- and land-based missile defense systems, radar systems, laser systems, sea- and air-based mission and combat systems, command and control mission solutions, cyber solutions, simulation and training solutions, and services and supports surface ships. RMS also has contracts with the U.S. Government for various classified programs. RMS’ major programs include:

Sikorsky helicopter programs such as those related to the Black Hawk, Seahawk and CH-53K King Stallion heavy lift helicopters, which are in service with U.S. and foreign governments, the Combat Rescue Helicopter (CRH) utilized by the U.S. Air Force, and the VH-92A helicopter for the U.S. Marine One transport mission, Presidential helicopter, of which the company made the final aircraft delivery under the program in 2024.

Integrated warfare systems and sensors (IWSS) programs such as Aegis Combat System (Aegis) programs that serve as an air and missile defense system for the U.S. Navy and international customers and are also a sea and land-based element of the U.S. missile defense system, and the Littoral Combat Ship (LCS), Multi-Mission Surface Combatant (MMSC), and Canadian Surface Combatant (CSC) programs to provide surface combatant ships for the U.S. Navy and international customers that are designed to operate in shallow waters and the open ocean.

Command, control, communications, computers, cyber, combat systems, intelligence, surveillance, and reconnaissance (C6ISR) programs such as the Command, Control, Battle Management and Communications (C2BMC) program to provide an air operations center for the Ballistic Missile Defense System for the U.S. Government, undersea combat systems programs largely serving the U.S. Navy, and Australia's Joint Air Battle Management System (AIR 6500).

Training and logistics solutions (TLS) programs such as those providing sustainment services and programs that provide simulators and associated training to U.S. military and foreign government customers.

Space

Space is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems. Space provides network-enabled situational awareness and integrates complex space and ground global systems to help the company’s customers gather, analyze, and securely distribute critical intelligence data. Space is also responsible for various classified systems and services in support of vital national security systems. Space’s major programs include:

The Next Generation Overhead Persistent Infrared (Next Gen OPIR) system, which provides the U.S. Space Force with enhanced worldwide missile warning capabilities.

The Trident II D5 Fleet Ballistic Missile (FBM), a program with the U.S. Navy for the only submarine-launched intercontinental ballistic missile currently in production in the U.S.

The Orion Multi-Purpose Crew Vehicle (Orion), a spacecraft for NASA utilizing new technology for human exploration missions beyond low earth orbit.

Next Generation Interceptor (NGI), a program with the Missile Defense Agency (MDA) utilizing next generation propulsion and sensors to provide homeland missile defense.

Global Positioning System (GPS) III, a program to modernize the GPS satellite system for the U.S. Space Force.

Hypersonics programs, which include several programs with the U.S. Army and U.S. Navy to design, develop and build hypersonic strike weapons.

The Transport Layer programs, small satellite capabilities to support proliferated space constellations and early warning communications for the Space Development Agency.

Research and Development

The company-funded research and development costs were $1.6 billion in 2024.

Competition

The company competes with many different companies both within and outside of the defense and aerospace industry. The Boeing Company, General Dynamics, L3Harris Technologies, Northrop Grumman, and RTX Corporation are some of the company’s primary competitors.

Regulatory Matters

The company contracts with numerous the U.S. Government agencies and entities, principally all branches of the U.S. military and NASA. The company also contracts with similar government authorities in other countries, either under the foreign military sales (FMS) program, contracted through the U.S. Government, or as a direct sale with the foreign government authority, which regulates these sales in a manner similar to the U.S. Government.

There is an increasing global regulatory focus on greenhouse gas (GHG) emissions and their potential impacts relating to climate change. Various jurisdictions around the world in which the company operates, including the U.S., the European Union, the United Kingdom, Australia and certain the U.S. States, have adopted or proposed laws related to climate and sustainability reporting.

The company’s businesses and operations are subject to both the U.S. and non-U.S. government laws, regulations and procurement policies and practices, including regulations relating to product testing, import-export controls, technology transfer restrictions, foreign investment, tariffs, taxation, repatriation of earnings, sanctions, exchange controls, the Foreign Corrupt Practices Act and other anti-corruption laws and anti-boycott provisions of the U.S. Export Control Reform Act of 2018.

History

Lockheed Martin Corporation was founded in 1912. The company was incorporated in 1994.

Lockheed Martin Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Aerospace: approx. 40% - Defense: approx. 50% - Information security and technology: approx. 10% **TOP 3 markets:** 1. **USA:** approx. 70% 2. **Middle East:** approx. 15% 3. **Europe:** approx. 10% Lockheed Martin Corporation generates the majority of its re...

At which locations are the company’s products manufactured?

**Production Sites:** - **Fort Worth, Texas** - **Marietta, Georgia** - **Palmdale, California** - **Syracuse, New York** - **Owego, New York** Lockheed Martin Corporation, a leading company in the aerospace and defense sector, produces its products at several locations in the USA. The most signifi...

What strategy does Lockheed Martin pursue for future growth?

**Revenue growth:** 7.5% (estimated 2024) **Research and development expenses:** 2.5% of revenue (estimated 2024) Lockheed Martin pursues a growth strategy that heavily relies on innovation and technological leadership. The company continuously invests in research and development to expand its...

Which raw materials are imported and from which countries?

**Important raw materials:** Titanium, aluminum, rare earths **Main importing countries:** China, Russia, Canada, Australia Lockheed Martin Corporation is heavily reliant on the import of raw materials essential for the production of aerospace technologies and defense systems. Titanium and aluminu...

How strong is the company’s competitive advantage?

**Market share in the defense sector:** Approx. 15% (2024) **Research and development expenses:** 1.5 billion USD (2024) **Contract volume with US government:** Over 70% of revenue (2024) Lockheed Martin Corporation has a significant competitive advantage in the defense sector, supported by sev...

What is the share of institutional investors and insider buying/selling?

**Institutional investor share:** approx. 75% (estimated for 2025 based on historical data) **Insider purchases:** No significant purchases in the last 12 months **Insider sales:** Moderate, mainly as part of stock option programs The institutional investor share at Lockheed Martin traditionally...

What percentage market share does Lockheed Martin have?

**Market share of Lockheed Martin:** Approx. 14% (estimated for 2025) **Main competitors and their market shares:** 1. **Boeing (NYSE:BA):** Approx. 12% 2. **Northrop Grumman (NYSE:NOC):** Approx. 10% 3. **Raytheon Technologies (NYSE:RTX):** Approx. 9% 4. **General Dynamics (NYSE:GD):** Approx. 7%...

Is Lockheed Martin stock currently a good investment?

**Revenue growth:** 7.5% (2024) **Profit growth:** 6.8% (2024) **Order backlog:** $150 billion (2024) Lockheed Martin Corporation recorded a revenue growth of 7.5% in 2024, attributed to strong demand for defense and aerospace systems. Profit growth was at 6.8%, indicating efficient cost controls a...

Does Lockheed Martin pay a dividend – and how reliable is the payout?

**Dividend yield:** 2.8% (estimated for 2025) **Dividend growth:** 7% annually (average over the last 5 years) Lockheed Martin Corporation is known for paying a reliable dividend. The company has consistently distributed dividends over the past years and has regularly increased them. The estimate...

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Lockheed Martin Stock Value

Lockheed Martin Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Lockheed Martin do?

Lockheed Martin Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Lockheed Martin Stock Value

Lockheed Martin Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Lockheed Martin do?

Lockheed Martin Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.