LMT

NYSE · Aerospace & Defense

Lockheed Martin Corp

Q: What does Lockheed Martin Corporation do?

Lockheed Martin designs and manufactures advanced military aircraft, missile systems, and space technologies for the U.S. Department of Defense and allied nations. Major product lines include the F-35 fighter jet, Patriot missile defense systems, C-130 transport aircraft, and satellites. The company generates revenue through multi-year development contracts and sustainment services for existing platforms. Lockheed also produces hypersonic weapons, radar systems, and classified intelligence systems.

Q: Is LMT stock a good investment?

Lockheed Martin benefits from predictable government contracts spanning decades for platforms like the F-35, providing revenue visibility. The company converts earnings to free cash flow efficiently and returns capital through dividends and buybacks. Risks include dependence on U.S. defense budgets, program delays or cancellations, and limited customer diversification beyond government agencies. The stock typically offers lower growth but higher stability than commercial aerospace companies.

Q: Who are Lockheed Martin Corporation's main competitors?

Northrop Grumman competes in missile defense, space systems, and autonomous aircraft programs. Boeing Defense challenges across military aircraft, particularly with the F/A-18 and tanker programs. Raytheon Technologies competes in missiles and integrated air defense. General Dynamics contests in submarines and ground combat vehicles, while smaller firms compete for specific technology contracts.

Q: Does Lockheed Martin Corporation pay dividends?

Lockheed Martin has raised its dividend consecutively for over 20 years, establishing itself among aerospace and defense dividend aristocrats. The company maintains a payout ratio allowing investment in R&D while returning substantial cash to shareholders. Dividend growth has been supported by contract backlog growth and margin expansion initiatives.

Q: Where is LMT trading today?

LMT last closed at $610.17, down 0.99% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $410.11 and a high of $692.00. The current price represents 71% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Q: What are analyst ratings for LMT stock?

Among 28 analysts covering LMT, the consensus rating is Hold — 11 rate it a buy, 16 hold, and 1 sell. The average price target sits at $144.47, implying 76% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Q: How much revenue does Lockheed Martin Corp generate?

Lockheed Martin Corp generated $73.59B in revenue during fiscal year 2026, with $4.92B reaching the bottom line as net income. The net profit margin of 6.7% reflects the competitive nature of its industry.

Q: What is the price-to-earnings ratio for LMT?

LMT trades at a P/E ratio of 28.64 on trailing earnings of $21.49 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Aerospace & Defense sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

S&P 500 Large-Cap Stocks Blue Chip Stocks Defense & Aerospace Stocks Best Dividend Stocks

$610.17

-6.08 (-0.99%)

As of Mar 24, 9:31 PM ET ·

Day Range $605.00 — $615.30

52W Range $410.11 — $692.00

Performance

1D —

1W —

1M —

3M +26.32%

6M +25.18%

1Y +38.03%

YTD +22.75%

Open$612.95

Previous Close$616.25

Day High$615.30

Day Low$605.00

52W High$692.00

52W Low$410.11

Volume—

Avg Volume1.49M

Market Cap143.67B

P/E Ratio28.64

EPS$21.49

SectorAerospace & Defense

Technical Indicators

Full analysis →

SMA 50 $553.86 Above

SMA 200 $487.95 Above

RSI (14) 66.2 Neutral

Trend Golden Cross Bullish

Analyst Ratings

Hold

28 analysts

11 Buy 16 Hold 1 Sell

Price Target -76.3% upside

Current
$610.17

Target
$144.47

$103.05 $144.47 avg $238.29

Key Financials

	FY 2026	FY 2025	FY 2024
Revenue	73.59B	70.51B	117.83B
Net Income	4.92B	4.24B	7.78B
Profit Margin	6.7%	6.4%	6.6%
EBITDA	8.48B	7.71B	15.42B
Free Cash Flow	—	—	8.65B
Rev Growth	+4.4%	+4.4%	+11.0%
Debt/Equity	3.23	3.23	0.25

Dividend

Dividend Yield2.16%

Annual Dividend$13.52

Payout Ratio62.4%

Frequencyquarterly

Ex-DividendFeb 22, 2026

Pay DateMar 10, 2026

Recent Insider Activity

All Insiders →

Date	Insider	Type	Shares	Price	Value
Mar 13	Cahill Timothy S	Sale	14,131	$0.00	—
Mar 13	Cahill Timothy S	Sale	13,851	$0.00	—
Mar 13	Cahill Timothy S	Sale	13,451	$0.00	—
Mar 13	Cahill Timothy S	Sale	13,011	$0.00	—
Mar 13	Cahill Timothy S	Sale	12,411	$0.00	—

About Lockheed Martin Corp

Lockheed Martin Corporation, based in Maryland, is a global aerospace and defense contractor providing advanced technology systems and solutions. The company manufactures aircraft, missiles, space launch vehicles, and military equipment for government and commercial customers.

Aerospace & Defense Peers

Symbol	Name	Price	Change	P/E	Mkt Cap
GE	GE Aerospace	$290.63	-0.31%	40.3	350.80B
RTX	Rtx Corp	$194.00	-0.42%	41.0	275.72B
BA	Boeing Co.	$196.42	-1.00%	68.9	154.00B
NOC	Northrop Grumman Corp	$682.16	+0.32%	24.1	100.60B
GD	General Dynamics Corp	$346.23	-0.33%	23.1	97.29B
ESLT	Elbit Systems Ltd	$894.80	-0.90%	87.9	125.78B

LMT Frequently Asked Questions

What does Lockheed Martin Corporation do?

Lockheed Martin designs and manufactures advanced military aircraft, missile systems, and space technologies for the U.S. Department of Defense and allied nations. Major product lines include the F-35 fighter jet, Patriot missile defense systems, C-130 transport aircraft, and satellites. The company generates revenue through multi-year development contracts and sustainment services for existing platforms. Lockheed also produces hypersonic weapons, radar systems, and classified intelligence systems.

Is LMT stock a good investment?

Lockheed Martin benefits from predictable government contracts spanning decades for platforms like the F-35, providing revenue visibility. The company converts earnings to free cash flow efficiently and returns capital through dividends and buybacks. Risks include dependence on U.S. defense budgets, program delays or cancellations, and limited customer diversification beyond government agencies. The stock typically offers lower growth but higher stability than commercial aerospace companies.

Who are Lockheed Martin Corporation's main competitors?

Northrop Grumman competes in missile defense, space systems, and autonomous aircraft programs. Boeing Defense challenges across military aircraft, particularly with the F/A-18 and tanker programs. Raytheon Technologies competes in missiles and integrated air defense. General Dynamics contests in submarines and ground combat vehicles, while smaller firms compete for specific technology contracts.

Does Lockheed Martin Corporation pay dividends?

Lockheed Martin has raised its dividend consecutively for over 20 years, establishing itself among aerospace and defense dividend aristocrats. The company maintains a payout ratio allowing investment in R&D while returning substantial cash to shareholders. Dividend growth has been supported by contract backlog growth and margin expansion initiatives.

Where is LMT trading today?

LMT last closed at $610.17, down 0.99% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $410.11 and a high of $692.00. The current price represents 71% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

What are analyst ratings for LMT stock?

Among 28 analysts covering LMT, the consensus rating is Hold — 11 rate it a buy, 16 hold, and 1 sell. The average price target sits at $144.47, implying 76% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

How much revenue does Lockheed Martin Corp generate?

Lockheed Martin Corp generated $73.59B in revenue during fiscal year 2026, with $4.92B reaching the bottom line as net income. The net profit margin of 6.7% reflects the competitive nature of its industry.

What is the price-to-earnings ratio for LMT?

LMT trades at a P/E ratio of 28.64 on trailing earnings of $21.49 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Aerospace & Defense sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

How has LMT performed compared to last year?

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +26.32% (3M), +25.18% (6M), +38.03% (1Y), +22.75% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether LMT is outperforming or lagging the broader market.