LMT Stock News & Live Price
Lockheed Martin Corp · NEW YORK STOCK EXCHANGE, INC. · Aerospace & Defense
Lockheed Martin (LMT) is the world's largest defense contractor by revenue — prime contractor for the F-35 Lightning II, THAAD missile defense, Sikorsky helicopters, and Skunk Works classified programs. Live NYSE price and every Pentagon contract update.
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About Lockheed Martin Corp (LMT)
Lockheed Martin Corporation is the world's largest defense contractor by revenue (~$71B annually), listed on the NYSE under LMT and headquartered in Bethesda, Maryland. CEO Jim Taiclet has led the company since 2020. Lockheed traces its history to 1912 (Loughead Aircraft) and 1912 (Glenn L. Martin Company); the modern Lockheed Martin was formed in the 1995 merger of Lockheed Corporation and Martin Marietta.
Lockheed operates four reporting segments. **Aeronautics** — dominated by the F-35 Lightning II 5th-generation fighter program (the largest defense program in US history), plus the F-16, F-22, C-130J Super Hercules, and classified Skunk Works work — generates ~$28B annually. **Missiles & Fire Control (MFC)** builds THAAD, PAC-3, HIMARS/GMLRS, JASSM/LRASM, and hypersonic programs — this is the fastest-growing segment, boosted by Ukraine, Israel, and Taiwan replenishment demand. **Rotary & Mission Systems (RMS)** houses Sikorsky helicopters (Black Hawk, Seahawk, CH-53K King Stallion), Aegis Combat System for US Navy warships, and radar/electronic warfare systems. **Space** builds strategic missiles (Trident II D5), the Orion crew vehicle for NASA Artemis, GPS satellites, and various classified programs.
The near-term investor thesis is F-35 sustainment (a decades-long high-margin annuity as ~3,000 F-35s enter service globally), HIMARS/PAC-3/THAAD/Javelin replenishment demand, hypersonic weapons ramp, and a growing Space segment. The long-term concern is the Next Generation Air Dominance (NGAD) competition — the DoD's replacement for the F-22 — which Lockheed lost to Boeing in March 2025 (Boeing's F-47). Losing NGAD was a major blow but does not immediately affect LMT's earnings. Lockheed is a Dividend Aristocrat with 20+ years of consecutive dividend increases and one of the largest buyback programs in defense.
What Lockheed Martin Corp Actually Does
- F-35 Lightning II 5th-generation fighter (largest US defense program)
- F-22 Raptor, F-16 Fighting Falcon, C-130J Super Hercules
- THAAD, Patriot PAC-3, HIMARS/GMLRS, JASSM/LRASM, Javelin
- Sikorsky helicopters (Black Hawk, Seahawk, CH-53K King Stallion)
- Aegis Combat System for US Navy warships
- Orion crew vehicle (NASA Artemis lunar program)
- Trident II D5 strategic missile + hypersonic weapons
- Skunk Works classified aircraft programs
Investment Thesis
F-35 sustainment is a multi-decade high-margin annuity (~3,000 aircraft, $1T+ lifecycle). Missile-replenishment demand from Ukraine + Israel + Taiwan is a multi-year tailwind for MFC segment. Hypersonic weapons + Orion + strategic missiles provide growth in Space. Consistent dividend growth + large buybacks.
Lost the NGAD (F-47) competition to Boeing in March 2025 — a strategic setback for the Aeronautics segment beyond the F-35. Massive dependence on F-35 program means any DoD budget adjustment there has outsized impact. Long production cycles + fixed-price contracts create margin risk on new programs.
Company profile data sourced from Finnhub. TickerNews is a news aggregator and does not provide investment advice — see our Disclaimer.
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