LMT
Lockheed Martin Corporation
LMT
524.68USD
-2.00%
Sep 24, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive
Structure is constructive on both timeframes without excessive extension — a reasonable entry location.
Key Financials
- Market Cap
- $121.1B
- Avg Volume (60D)
- 1.1M
- Revenue Growth YoY
- +5.6%
- Gross Margin
- +11.8%
- Operating Margin
- +11.9%
- Free Cash Flow Yield
- +7.2%
- Distance from 200DMA
- -5.4%
- Next Earnings
- 2026-10-20
- P/E
- 19.3x
- EV / EBITDA
- 12.7x
- EV / Sales
- 1.8x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 23, 2026
Financial results for the period ended Jun 28, 2026
Filed balance-sheet data as of Jun 28, 2026
Fundamentals & Valuation
Both valuation perspectives agree this company is cheap.
Lockheed Martin Corporation has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Company Research
Thesis
Lockheed Martin is a direct prime-contractor beneficiary of air- and missile-defense, tactical-missile, precision-strike, and associated production-capacity procurement. Its exposure is substantial but diversified by major aircraft, rotary/mission systems, and space businesses.
Opportunity
Moderate opportunity
US and allied procurement to replenish missile, air-defense and precision-munition inventories while funding sustained production-capacity expansion across the defense industrial base.
Key risk
Dependence on government defense budgets.
Narrative & Theme
Defense Rearmament and Industrial Base
Part of Munitions and Missile Defense Replenishment, with strong fit.
It is a highly credible adjacent participant in the same demand system: replenishment of interceptor and precision-strike inventories, expansion of missile-defense capacity, and allied air-defense modernization.
Narrative HeatHeating up8.3 / 10
Theme HeatHeating up8.4 / 10
Business & Markets
Industrials · Aerospace & Defense
What they do
Lockheed Martin designs, develops, manufactures, integrates, and sustains aerospace and defense technology systems and products globally through four main business segments.
How it earns
The company generates revenue primarily through project-based contracts with government and defense customers.
Products & services
Combat and air mobility aircraft
Unmanned air vehicles
Air and missile defense systems
Tactical missiles
Space systems
Customers & end markets
Government defense agencies
International military customers
Market position
Market leader in aerospace and defense technology and systems.
Demand drivers
Medium cyclicality
Defense spending can fluctuate with government budgets and geopolitical factors but generally maintains steady demand.
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