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Lockheed Martin TodayLMTLockheed Martin$596.75 +6.84 (+1.16%) As of 12:07 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$437.25▼$692.00Dividend Yield2.31%P/E Ratio22.00Price Target$631.62Add to WatchlistLockheed Martin NYSE: LMT reported third-quarter results on Thursday, Oct. 22, and on paper, there was little to complain about.
Lockheed Martin raises its 2026 outlook as missile production accelerates, backlog hits $292 billion, and stronger defense demand fuels long-term growth.
Lockheed Martin reported strong Q3 2026 results, raising annual guidance and achieving a record $292B backlog, driven by a major Patriot missile contract. LMT's only significant physical growth comes from the Missiles and Fire Control division, with expanded capacity expected to add $10B in annual revenue by 2031. Core Aeronautics, Rotary, and Space divisions face output ceilings, limiting organic growth to 4–6% annually, mostly from missile exports and inflation indexing.
The U.S. military needs more F-35s and Patriot missiles. Lockheed Martin helps to supply these and other key platforms.
Lockheed Martin NYSE: LMT reported double-digit third-quarter growth in sales and profit, generated $3 billion in free cash flow and increased its backlog to a record $292 billion, prompting the defense contractor to raise its full-year 2026 outlook again.
Lockheed Martin Corporation (LMT) Q3 2026 Earnings Call Transcript
LMT's Q3 earnings beat estimates as sales jump 11.3%, fueled by strong defense program demand. A surging backlog and raised 2026 outlook add momentum.