Lockheed Martin (LMT)
Industrials · Aerospace and defense contracting
Global aerospace and defense contractor providing advanced combat aircraft, missiles, rotary systems, and space solutions to the U.S. government and allied nations.
What Lockheed Martin does
Lockheed Martin is a global aerospace and defense technology company that designs, manufactures, and sustains advanced military platforms and systems across four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The company generates revenue from both product sales and services, serving primarily U.S. Government agencies and international allies with capabilities spanning combat aircraft, unmanned vehicles, missile systems, rotary-wing platforms, space systems, cybersecurity, and intelligence solutions. The company is expanding production capacity to meet increased demand driven by regional conflicts and focusing on modernization through artificial intelligence, autonomy, and open-architecture systems.
Themes: ["Military aircraft manufacturing","Defense modernization","U.S. government defense spending","International defense exports","Advanced aerospace technology","Cybersecurity and intelligence","AI and autonomous systems","Deterrence and national security","Multi-year production scaling"]
Fundamentals
- Price$518.26 as of 2026-07-09 close
- Market cap$119.8B as of 2026-07-10
- 1-year return+11.9% as of 2026-07-09 close
- P/E24.99 as of 2026-07-10
- Net margin+6.4% as of 2026-07-10
- Gross margin+9.9% as of 2026-07-10
- ROE+74.5% as of 2026-07-10
- Debt / equity2.76 as of 2026-07-10
- Revenue growth (YoY)+4.6% as of 2026-07-10
- Revenue CAGR (3y)+4.4% SEC XBRL
- Beta0.13 as of 2026-07-10
Dividend: yield +2.7%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Heavy dependence on U.S. Government as principal customer and federal defense budget appropriations; political changes or shifts in defense spending priorities could materially impact revenue and profitability","Complex, long-cycle defense programs subject to regulatory scrutiny, performance requirements, and schedule/cost overruns; F-35 program complexity presents execution risk","Supply chain and production capacity constraints amid rapid demand scaling; ability to expand manufacturing and source materials without cost inflation is critical to margins"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.