Company Dossier · Industrials
Lockheed Martin
- S&P 500
- S&P 100
- Russell 1000
What Lockheed Martin is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 28, 2026: $77.0 billion, up 7.2% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 28, 2026: $8.73 billion, up 162% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 28, 2026: $1.67 billion, down 4.0% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $3.00 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $1.99 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 23, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
- Latest annual report (filed January 29, 2026): 0 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $0.1 million on the open market.SEC Form 4
- 2,796 institutional managers reported a position at June 30, 2026 (−142 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 1 (1 a year earlier).U.S. Department of Labor (OFLC)
- Headlines in the last 30 days: 13, of which 7 read positive and 0 negative.Palanor headline tone
Risk events (12 months): 2 — latest OSHA inspection, Mar 11, 2026 →
Company Posture
How Company Posture is measured →What Lockheed Martin is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Steady · Confident
Expanding ↔ Retrenching
Steady
- Capital spending20th pct
- Debt raised—
- Buybacks vs capex82nd pct
- Hiring filings89th pct
- Deals and private raises48th pct
- Patent publications12th pct
Confident ↔ Hedging
Confident
- Call sentiment88th pct
- Call confidence89th pct
- Guidance changes65th pct
- Risk factors added63rd pct
- Insider open-market trades44th pct
- + Call sentiment
- + Call confidence
- + Guidance changes
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver81st pct
- Stress filings50th pct
Credit
How these are built →Lockheed Martin's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$20.5B
- Due within a year $0.0B
- Longer term $20.5B
- Default point $10.3B (short + ½ long)
Finance leases included · Jun 28, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Jul 23, 2025 | $500M | 4.150% | 2028 (3y) | +37bp | 4.194% |
| Jul 23, 2025 | $750M | 5.000% | 2035 (10y) | +65bp | 5.030% |
| Jul 23, 2025 | $750M | 4.400% | 2030 (5y) | +50bp | 4.427% |
| Dec 4, 2024 | $400M | 5.200% | 2055 (30y) | +85bp | 5.214% |
| Dec 4, 2024 | $600M | 4.700% | 2031 (7y) | +58bp | 4.710% |
| Jan 25, 2024 | $600M | 4.800% | 2034 (11y) | +68bp | 4.804% |
| Jan 25, 2024 | $650M | 4.500% | 2029 (5y) | +53bp | 4.549% |
| Jan 25, 2024 | $750M | 5.200% | 2064 (40y) | +83bp | 5.219% |
From the pricing term sheets Lockheed Martin filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
News
Lockheed Martin: headline tone
Net share of positive headlines, trailing 28 days, −1 to +1
In the news
Headlines that name Lockheed Martin, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- PositiveLockheed Martin raises dividend by 4.3% to $3.60 (LMT:NYSE)
seekingalpha.com · via Marketaux · Oct 11, 2026
- PositiveLockheed Martin unveils PAC-3 Edge interceptor designed to counter hypersonic threats
Defense News · Oct 10, 2026
- PositiveLockheed unveils next-gen Patriot interceptor to defend against hypersonic threats (LMT:NYSE)
seekingalpha.com · via Marketaux · Oct 9, 2026
- PositiveLockheed Martin: Strong Buy, But Not For The Obvious Reasons (NYSE:LMT)
seekingalpha.com · via Marketaux · Oct 9, 2026
- NeutralEmbraer, Lockheed Martin vie for India’s $10.5B military transport aircraft deal
Defense News · Oct 7, 2026
- NeutralLockheed Martin Q3 Earnings Preview: A Buy Despite Recent Pullback (NYSE:LMT)
seekingalpha.com · via Marketaux · Oct 7, 2026
- NeutralLockheed Martin's First F-16 Block 72 for Morocco Completes Maiden Flight, LMT Stock Highlights Dividend Strength
gurufocus.com · via Marketaux · Oct 6, 2026
- NeutralLockheed Martin’s India expansion plan hinges on $10.5bn military aircraft bid: Which firms are competing for project?
livemint.com · via Marketaux · Oct 4, 2026
- PositiveLockheed Martin to expand production in India, if it wins transport aircraft bid
economictimes.indiatimes.com · via Marketaux · Oct 4, 2026
- NeutralU.S. Navy Doubles MQ-25A Stingray Carrier Capacity; Lockheed Martin (LMT) Advances Unmanned Aviation
gurufocus.com · via Marketaux · Sep 30, 2026
- PositiveLockheed Martin Secures Over $1 Billion in Defense Deals
gurufocus.com · via Marketaux · Sep 30, 2026
- PositiveLockheed Martin (LMT) Secures $724M Contract Modification for Japanese Aegis Systems
gurufocus.com · via Marketaux · Sep 30, 2026
- NeutralUS Army awards Lockheed Martin $1.2B PrSM contract
Defense News · Sep 22, 2026
- NeutralLockheed Martin gets first batch of Patriot interceptor parts from General Motors
Defense News · Sep 17, 2026
- PositiveLockheed Martin secures $950M Australian air battle management contract
Breaking Defense · Sep 9, 2026
- NeutralLockheed Martin, General Dynamics get framework deals to surge Patriot, THAAD production
Defense News · Aug 31, 2026
- PositiveLockheed Martin launches modular missile tech with dedicated ‘storefront’
Defense News · Aug 11, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Mar 20, 2027Federal awardFederal award from Department of Defense$15.7 million
- Oct 21, 2026LobbyingLobbying report (HOLLY STRATEGIES INCORPORATED)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (MICHAEL BEST STRATEGIES LLC)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (THEGROUP DC, LLC)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (CAPITOL COUNSEL LLC)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (LOCKHEED MARTIN CORPORATION)third_quarter 2026 · $4.1 million
- Oct 20, 2026LobbyingLobbying report (BALLARD SPAHR LLP)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (ETHERTON AND ASSOCIATES, INC.)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (PUBLIC STRATEGIES WASHINGTON, INC.)third_quarter 2026 · $0.0 million
- Oct 14, 2026Trademark
- Oct 13, 2026Patent
- Oct 13, 2026Patent
- Oct 7, 2026Trademark
- Oct 6, 2026Patent
- Oct 6, 2026Patent
- Oct 6, 2026Patent
- Oct 1, 2026Trademark
- Sep 30, 2026Trademark
- Aug 28, 20268-KMaterial agreement signedItem 1.01
- Aug 25, 2026Trademark
- Jul 9, 2026Federal awardFederal award from Department of Defense$36.1 million
- Jul 8, 2026Federal awardFederal award from Department of Defense$19.3 million
- Jul 7, 2026Federal awardFederal award from Department of Defense$10.1 million
- Jul 2, 2026Federal awardFederal award from Department of Defense$14.5 million
- Jul 1, 2026Federal awardFederal award from Department of Defense$234 million
- Jul 1, 2026Federal awardFederal award from Department of Defense$51.7 million
- Jul 1, 2026Federal awardFederal award from Department of Defense$26.1 million
- May 13, 20268-KShareholder vote resultsItem 5.07
- Mar 11, 2026Risk event
- Feb 18, 2026Risk event
- Jan 29, 202610-KAnnual report (10-K)0 risk factors added, 0 removed
- Dec 9, 20258-KMaterial agreement signedItem 1.01
- Aug 29, 20258-KMaterial agreement signedItem 1.01
- Aug 27, 2025Risk event
- May 9, 20258-KShareholder vote resultsItem 5.07
- Apr 22, 2025Risk event
- Apr 17, 20258-KDirector or officer changeItem 5.02
- Mar 11, 2025Risk event
- Feb 25, 2025Risk eventWage and Hour case: Lockheed Martin Corporation, back wages agreed$0.1 million
- Jan 28, 202510-KAnnual report (10-K)0 risk factors added, 0 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Boeing Co. BA | $94.0B | −$0.2B | Jun 30, 2026 |
| RTX Corp. RTX | $96.0B | $9.5B | Sep 30, 2026 |
| General Dynamics GD | $53.8B | $6.2B | Apr 5, 2026 |
| Northrop Grumman NOC | $43.6B | $3.8B | Sep 30, 2026 |
| L3Harris LHX | $21.7B | $2.8B | Jul 3, 2026 |
| Textron TXT | $15.3B | $0.8B | Jul 4, 2026 |
| Huntington Ingalls Industries HII | $13.2B | −$0.1B | Jun 30, 2026 |
| TransDigm Group TDG | $10.0B | $1.9B | Jun 27, 2026 |