LOCKHEED MARTIN (LMT) Company Report

The board authorized a $3.45 per share dividend for Q1 2026, payable March 27, 2026 to shareholders of record as of March 2, 2026.
The company plans to significantly increase investments while maintaining a disciplined capital allocation approach.

2 hours ago

Press Release

Lockheed Martin-backed Fortem neutralizes drone swarm with SkyDome®

LMT

Product Launch

Fortem Technologies, backed by Lockheed Martin, completed what it believes to be the first fully autonomous 5-vs-5 drone intercept with zero collateral damage, using its AI-powered SkyDome® system and DroneHunter® F700 interceptors without human involvement.
The test validated enhancements to SkyDome’s path-planning engine, which now dynamically deconflicts multiple interceptors and optimizes airspace routing for faster response and extended battery life.
The Pentagon’s counter-UAS task force selected the DroneHunter® as its first operational purchase under the Replicator-2 initiative, fast-tracking field deployment of counter-drone capabilities.
Fortem’s system—authorized for drone-on-drone kinetic interception in U.S. airspace—has been operationally deployed in Ukraine, the Middle East, and East Asia, underscoring its global validation.

2 days ago

Press Release

Lockheed Martin announces Q4 2025 results

LMT

Earnings

Guidance Update

Lockheed Martin reported Q4 sales of $20.3 billion (+9% YoY), segment operating profit of $2.1 billion, EPS of $5.80, and free cash flow of $2.8 billion.
For full-year 2025, the company delivered sales of $75 billion (+6% YoY), generated free cash flow of $6.9 billion, and ended the year with a record backlog of $194 billion.
The 2026 outlook targets ~5% sales growth, >25% segment operating profit growth, and free cash flow of $6.5–6.8 billion, with capex/IRAD investment approaching $5 billion.
Key operational highlights include delivering 191 F-35 jets and 620 PAC-3 MSE interceptors in 2025, plus successful launches of GPS III and Tranche 1 Transport Layer satellites.

Jan 29, 2026, 1:30 PM

Transcript

Lockheed Martin reports Q4 and full-year 2025 results

LMT

Earnings

Guidance Update

New Projects/Investments

Lockheed Martin delivered Q4 sales of $20.3 B (+9% y/y) and full-year sales of $75.0 B (+6% y/y), ending 2025 with a record backlog of $194 B.
Generated $2.8 B of free cash flow in Q4 and $6.9 B for FY2025, reinvesting $3.6 B into the business.
Achieved record operational output, including 191 F-35 jets and 620 PAC-3 MSE interceptors, and secured a seven-year framework for PAC-3 MSE to ramp production to 2,000 units annually.
Issued 2026 guidance projecting ~5% sales growth, >25% segment operating profit growth, and $6.5–$6.8 B free cash flow with ~$5 B capex and IR&D investment.

Jan 29, 2026, 1:30 PM

Transcript

Lockheed Martin reports Q4 2025 results

LMT

Earnings

Guidance Update

New Projects/Investments

Q4 2025 sales of $20.3 billion (up 9% YoY), EPS of $5.80, and $2.8 billion in free cash flow.
Full year 2025 sales of $75 billion (up 6% YoY), EPS of $21.49, record backlog of $194 billion, and $6.9 billion in free cash flow.
Announced seven-year framework agreements for PAC-3 MSE and THAAD interceptors, tripling PAC-3 capacity to 2,000 units per year.
Invested $3.6 billion internally in 2025, including $900 million pension pre-funding and $3.5 billion in capital and R&D to boost production and innovation.
2026 guidance: sales $77.5–80 billion (+5% at midpoint), segment operating profit $8.425–8.675 billion, EPS $29.35–30.25, and free cash flow $6.5–6.8 billion.

Jan 29, 2026, 1:30 PM

Transcript

Lockheed Martin reports Q4 2025 results

LMT

Earnings

Guidance Update

$20.3 B sales in Q4, $2.1 B segment operating profit (10.1% margin), $5.80 EPS, 1.7× book-to-bill ratio and $2.8 B free cash flow in Q4 2025
For FY 2025, $75.0 B sales, $6.7 B segment operating profit (9.0% margin), $21.49 EPS, $6.9 B free cash flow, $3.0 B share repurchases and $3.1 B dividends
FY 2025 sales growth across all segments: Aeronautics +6% to $8.5 B , Missiles & Fire Control +18% to $4.0 B , RMS +8% to $4.6 B , Space +8% to $3.2 B
2026 guidance: $77.5–80.0 B sales (+5%), segment operating profit $8.425–8.675 B (10.9% margin), EPS $29.35–30.25, free cash flow $6.5–6.8 B

Jan 29, 2026, 1:30 PM

Presentation

Lockheed Martin reports Q4 and full-year 2025 results

LMT

Earnings

Guidance Update

Q4 2025 sales were $20.3 billion (up 9% YoY) with net earnings of $1.3 billion, or $5.80 per share.
Full-year 2025 sales reached $75.0 billion (up 6% YoY); net earnings were $5.0 billion, or $21.49 per share, including a $479 million pension settlement charge.
Free cash flow totaled $2.8 billion in Q4 and $6.9 billion for 2025 (after an $860 million pension contribution), versus $441 million and $5.3 billion in 2024.
Backlog hit a record $194 billion at year-end 2025.
2026 outlook: expects ~5% sales growth, ~25% segment operating profit growth, and free cash flow of $6.5–$6.8 billion.

Jan 29, 2026, 12:25 PM

8-K

Lockheed Martin reports Q4 and full year 2025 results

LMT

Earnings

Guidance Update

2025 sales rose 6% to $75.0 billion, with Q4 sales of $20.3 billion versus $18.6 billion a year ago.
Net earnings for 2025 were $5.0 billion or $21.49 per share, including a $479 million pension settlement charge; Q4 net earnings were $1.3 billion or $5.80 per share.
Cash from operations in 2025 totaled $8.6 billion, and free cash flow was $6.9 billion after an $860 million pension contribution.
Backlog hit a record $194 billion at December 31, 2025.
2026 outlook calls for ~5% sales growth, 25% segment operating profit growth, and free cash flow of $6.5–6.8 billion.

Jan 29, 2026, 12:20 PM

Press Release

Lockheed Martin launches EMBERPOINT™ wildfire solutions venture

LMT

Product Launch

New Projects/Investments

EMBERPOINT™, a joint venture by Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo, was launched to integrate next-generation wildfire prevention, detection and response technologies.
Lockheed Martin will contribute military-grade autonomous response, layered prediction and detection; PG&E brings proven wildfire mitigation experience (pending regulatory approval); Salesforce provides a real-time digital foundation via Agentforce and Slack; Wells Fargo supplies capital investment.
The venture will employ AI, autonomous systems and integrated command-and-control to detect fires earlier, prevent spread and enhance firefighter coordination, with technology demonstrations planned for 2026.

Jan 26, 2026, 6:00 PM

Press Release

Lockheed Martin hosts Secretary of War at F-35 production facility

LMT

New Projects/Investments

Secretary of War Pete Hegseth toured Lockheed Martin’s Fort Worth F-35 assembly line, addressing over 600 of the plant’s 19,000 employees and emphasizing the company’s role in acquisition transformation.
The Fort Worth facility delivered a record 191 F-35 jets in 2025, supported by a network of over 1,900 U.S. suppliers, more than half of which are small businesses.
Lockheed Martin announced a framework agreement with the U.S. Department of War to accelerate production and delivery of PAC-3 MSE interceptors, the first implementation of its Acquisition Transformation Strategy.
The global F-35 fleet surpassed 1 million flight hours in 2025 and operates from 50 bases in 11 countries, underscoring the jet’s operational maturity and scale.