The Trump administration has approved a $24.3 billion sale of 48 F-35 fighter jets to Saudi Arabia, along with engines and other parts. The deal comes as Iran-backed Houthis escalate attacks on Saudi Arabia and seek control of the strategically important Bab el-Mandeb Strait.
Lockheed Martin Corporation (LMT) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript
Lockheed Martin NYSE: LMT Chief Executive Officer Jim Taiclet outlined the defense contractor's strategy to combine high-end weapons platforms with lower-cost autonomous and counter-drone systems, positioning the company as a “mission integrator” rather than solely a maker of individual defense products.
Lockheed Martin unveiled on Thursday details of a next-generation air-to-air missile developed to counter threats from China and a new agreement with the Defense Department to boost production as the Pentagon rebuilds munitions stockpiles.
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Lockheed Martin (LMT) reached $536.15 at the closing of the latest trading day, reflecting a +2.07% change compared to its last close.
President Donald Trump posted a photograph of the Moon to Truth Social this week with an American flag and the caption “The Moon is ours”.
Lockheed Martin earns a Buy rating, driven by a record $230B backlog, robust PAC-3/THAAD demand, and moderate valuation versus peers. LMT's investment case hinges on successful production execution, especially for F-35 and missile defense programs, amid rising fixed-price contract risks. Normalized FCF yield is about 5.8%, with a 2.6% dividend yield; guidance targets $7.0–$7.2B FCF and an EPS of $29.95–$30.65 for 2026.
Lockheed Martin earns a Strong Buy rating, trading at 17.5x 2026 earnings, supported by record backlog and robust demand visibility. LMT's Q2 sales rose 11% to $20.1B, with free cash flow guidance for 2026 upgraded to $7–7.2B and backlog reaching $230.4B. Missile defense contracts, including THAAD and PAC-3 MSE, drive an 88% six-month backlog surge in Missiles and Fire Control.
Lockheed Martin earns a buy rating, supported by a record $230 billion backlog and robust multi-segment growth. LMT's missile and air defense programs, notably PAC-3 and THAAD, are driving production expansion and long-term revenue visibility. F-35 remains a core revenue and sustainment engine, while all four business segments posted sales growth in the latest quarter.
LMT's shares are outperforming as defense demand drives record backlog and new opportunities, but program risks and debt cloud the outlook.