Earnings summaries and quarterly performance for LOCKHEED MARTIN.
Executive leadership at LOCKHEED MARTIN.
Board of directors at LOCKHEED MARTIN.
DB
David Burritt
Detailed
Director
DR
Debra Reed-Klages
Detailed
Director
HW
Heather Wilson
Detailed
Director
JA
John Aquilino
Detailed
Director
JD
John Donovan
Detailed
Director
JD
Joseph Dunford
Detailed
Director
PY
Patricia Yarrington
Detailed
Director
TF
Thomas Falk
Detailed
Lead Independent Director
VH
Vicki Hollub
Detailed
Director
Research analysts who have asked questions during LOCKHEED MARTIN earnings calls.
MW
Myles Walton
Wolfe Research, LLC
4 questions for LMT
Also covers: , ATI, B +19 more
Robert Stallard
Vertical Research Partners
4 questions for LMT
Also covers: BA, BAESY, DRS +11 more
RE
Ronald Epstein
Bank of America
4 questions for LMT
Also covers: , AER, AL +26 more
DH
Douglas Harned
Sanford C. Bernstein & Co., LLC
3 questions for LMT
Also covers: , BA, GD +9 more
Kristine Liwag
Morgan Stanley
3 questions for LMT
Also covers: , AER, AMTM +27 more
NP
Noah Poponak
Goldman Sachs
3 questions for LMT
Also covers: AMTM, BA, CACI +22 more
PA
Peter Arment
Robert W. Baird & Co.
3 questions for LMT
Also covers: AIN, AVAV, BA +20 more
RS
Richard Safran
Seaport Research Partners
3 questions for LMT
Also covers: ATI, BA, GD +3 more
SK
Sheila Kahyaoglu
Jefferies
3 questions for LMT
Also covers: , AAL, AIR +36 more
David Strauss
Barclays
2 questions for LMT
Also covers: ATI, BA, BWXT +16 more
GK
Gautam Khanna
TD Cowen
2 questions for LMT
Also covers: ASLE, ATI, BA +20 more
Jason Gursky
Citigroup Inc.
2 questions for LMT
Also covers: BA, CW, DCO +15 more
Michael Ciarmoli
Truist Securities, Inc.
2 questions for LMT
Also covers: AIN, AIR, ASLE +20 more
PS
Peter Skibitski
Alembic Global Advisors
2 questions for LMT
Also covers: AVAV, BWXT, CW +9 more
SD
Scott Deuschle
Deutsche Bank
2 questions for LMT
Also covers: ATI, BA, BWXT +15 more
Scott Mikus
Melius Research
2 questions for LMT
Also covers: AIR, BA, BAH +13 more
GP
Gavin Parsons
UBS Group AG
1 question for LMT
Also covers: , BA, BAH +15 more
Kenneth Herbert
RBC Capital Markets
1 question for LMT
Also covers: , AIR, AMTM +24 more
MA
Matthew Akers
Wells Fargo & Company
1 question for LMT
Also covers: BAH, CACI, HXL +8 more
SS
Seth Seifman
JPMorgan Chase & Co.
1 question for LMT
Also covers: ATI, BA, CACI +21 more
Recent press releases and 8-K filings for LMT.
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.
2 days ago
Lockheed Martin: Airborne ISR Market Poised for $43B Value by 2030
LMT
- The global airborne ISR market is projected to grow from $31.59 billion in 2025 to $33.83 billion in 2026 (CAGR 7.1%), and further to $43.04 billion by 2030 at a CAGR of 6.2%.
- Expansion is driven by rising demand for real-time military intelligence, advanced sensor and radar technologies, increased UAV deployments, AI-enabled analytics, and military modernization programs.
- Geopolitical tensions and a 4% rise in terrorism-related deaths outside Afghanistan in 2023 are spurring investment in long-range surveillance and multi-sensor fusion ISR platforms.
- North America holds the largest market share while Asia-Pacific is the fastest-growing region; leading players include Raytheon Technologies, Lockheed Martin, BAE Systems, and Northrop Grumman.
- Trade relations and tariffs are driving up import costs for key components but are also fostering domestic production and supply-chain resilience across fixed-wing and rotary-wing platforms.
6 days ago
Lockheed Martin sets record F-35 deliveries and secures major contracts
LMT
- Delivered 191 F-35s in 2025, surpassing the prior annual record of 142 jets and driving production to a pace five times faster than any other allied fighter.
- Reached one million flight hours and rolled out the most advanced F-35 software to date (TR-3) while sustaining a global fleet of nearly 1,300 aircraft.
- Demonstrated combat performance by suppressing Iran’s air defenses, logging 5,000 mishap-free flight hours during a USMC F-35B deployment, and conducting the first NATO F-35 engagement of Russian drones over Poland.
- Secured final agreement for Lots 18-19—production and delivery of up to 296 F-35s for $24 billion—and awarded an Air Vehicle Sustainment Contract for 2025 and beyond.
7 days ago
Lockheed Martin faces dividend and buyback ban under Trump plan
LMT
Dividends
Share Buyback
Executive Compensation
- President Trump announced he will bar U.S. defense contractors from paying dividends or conducting stock buybacks and cap executive pay at $5 million, aiming to accelerate military production and deliveries.
- The proposal caused shares of major defense firms, including Lockheed Martin, to drop 1–2% on market reaction.
- Lockheed Martin had just increased its dividend to $3.45 per share for the 23rd consecutive year and authorized $2 billion in share repurchases, bringing total planned buybacks to $9.1 billion.
7 days ago
Lockheed Martin selects Terran Orbital for SDA’s Tranche 3 Tracking Layer
LMT
New Projects/Investments
- Lockheed Martin awarded Terran Orbital the contract to supply satellite bus platforms for 18 missile-warning, tracking, and defense vehicles under SDA’s Tranche 3 Tracking Layer.
- The award builds on collaboration from Tranche 0 through Tranche 3, leveraging Terran Orbital’s high-rate manufacturing and flight-proven bus designs.
- Terran Orbital’s buses support SDA’s objective of a proliferated LEO constellation capable of detecting and tracking advanced missile threats, including hypersonic weapons.
- This selection reinforces Terran Orbital’s standing as a national security space supplier with vertically integrated manufacturing aligned to SDA requirements.
Dec 30, 2025, 11:00 AM
Lockheed Martin secures $25B C-130J contract expansion
LMT
New Projects/Investments
- $10 billion modification raises the cumulative C-130J contract value to $25 billion from $15 billion for delivery, development, integration and engineering.
- Includes foreign military sales to Egypt, Australia, New Zealand, France, the Philippines, Norway and Germany, with work led by the Air Force Life Cycle Management Center in Marietta, GA, through July 16, 2035.
- No funds obligated at award; reflects the Pentagon’s long-term aviation modernization strategy and rising global demand for the C-130J platform.
Dec 23, 2025, 11:10 PM
Lockheed Martin F-35 availability falls short of Pentagon requirement
LMT
- Pentagon IG finds U.S. F-35 readiness at ~50% in FY2024, 17 percentage points below the DoD’s minimum requirement.
- Shortfall attributed to poor maintenance and sustainment by Lockheed Martin and a June 2024 contract lacking measurable inspection and readiness metrics.
- DoD paid $1.7 billion to Lockheed Martin by July 1, 2025, without economic adjustments or penalties despite unmet service requirements.
- Lockheed’s Aeronautics segment, including the F-35, accounts for over two-thirds of the company’s revenue.
- Analysts note a 5.73% net margin, 8.18% operating margin, and 3.59 debt-to-equity ratio, highlighting areas for financial improvement.
Dec 23, 2025, 5:21 PM
Lockheed Martin secures SDA missile tracking satellites contract
LMT
New Projects/Investments
- Awarded a $1 billion+ contract by the Space Development Agency for 18 Tranche 3 missile warning, tracking, and defense satellites under its Proliferated Warfighter Space Architecture.
- Builds on prior Tranche 2 Tracking Layer awards and leverages Lockheed Martin’s investments in rapid-production practices and smallsat integration.
- Increases Lockheed Martin’s SDA commitment to 124 space vehicles, following the recent launch of 21 Tranche 1 Transport Layer satellites.
- Production of the Tracking Layer vehicles will occur at Lockheed Martin’s Colorado SmallSat Processing & Delivery Center using Terran Orbital-built satellite buses.
Dec 19, 2025, 4:43 PM
Lockheed Martin executes pension annuity buy-out
LMT
Accounting Changes
Guidance Update
- On December 16, 2025, Lockheed Martin executed buy-out conversions of group annuity contracts, transferring approximately $900 million of gross pension obligations from its defined benefit plans to insurance companies for about 9,000 U.S. retirees, with no additional funding required by the company.
- The company expects to recognize a non-cash, non-operating pretax settlement charge of ~$480 million in Q4 2025, reflecting accelerated actuarial losses previously included in equity; this was not in its prior 2025 outlook.
- Insurance companies will now legally assume and administer the pension benefits with no change to the nature, amount, or timing of payments.
Dec 18, 2025, 9:39 PM
Lockheed Martin debuts Finland’s first F-35A
LMT
Product Launch
New Projects/Investments
- The first F-35A Lightning II for the Finnish Air Force was rolled out at Lockheed Martin’s F-35 facility, with delivery scheduled for early 2026
- Finland plans to acquire 64 F-35As, forming northern Europe’s largest F-35 fleet
- Over 30 Finnish firms are participating in the F-35 supply chain, part of a global network of 1,900 suppliers, enhancing national aerospace industry
- The F-35 program now includes 20 allied nations, with more than 1,270 aircraft operational and over 1 million flight hours logged
Dec 16, 2025, 4:40 PM
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