Citable filing context
LMT's research view summarizes recent SEC filing context, starting with debt_offering from Aug 28, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 28, 2026 | debt_offering | Lockheed Martin entered into a new $2.25B revolving credit facility and extended an existing $3.0B credit facility. |
| Jul 23, 2026 | earnings | Lockheed Martin reported Q2 2026 sales of $20.1 billion and net earnings of $1.8 billion. |
| May 13, 2026 | other | Lockheed Martin stockholders voted on directors, executive compensation, auditors, and a proposal at the Annual Meeting. |
| Jul 23, 2026 | Guidance: business_segment_operating_profit | 8500.00 to 8700.00 |
| Jul 23, 2026 | Guidance: free_cash_flow | 7000.00 to 7200.00 |
| Jul 23, 2026 | Guidance: sales | 79750.00 to 81750.00 |
| Jul 23, 2026 | mda_quarterly | Lockheed Martin’s financial performance for the first half of 2026 reflects strong growth, with total sales reaching $38.1 billion compared to $36.1 billion in the prior-year period. Operating profit rose significantly to $4.5 billion, bolstered by higher volumes across key programs and the absence of the substantial reach-forward losses that impacted 2025 results. The Aeronautics segment remains the primary revenue driver, led by the F-35 Lightning II program, which accounted for approximately 28% of total sales. Missiles and Fire Control (MFC) saw strong growth driven by production ramps for the Patriot Advanced Capability-3 (PAC-3) and Terminal High Altitude Area Defense (THAAD) systems. The company faces ongoing operational risks, including supply chain constraints, inflationary pressures, and technical challenges on complex development programs. Specifically, unfavorable profit adjustments were recorded in 2026 for the F-16 and C-130 programs at Aeronautics, as well as Heavy Lift and Seahawk programs at Rotary and Mission Systems. While the company maintains a robust $230.4 billion backlog, it continues to navigate geopolitical tensions and evolving U.S. defense budget priorities. Liquidity remains solid, with $3.8 billion in cash and a disciplined capital deployment strategy, including a pending $3.45 billion acquisition of Ultra Maritime Solutions. |
| Apr 23, 2026 | mda_quarterly | Lockheed Martin reported a slight increase in total sales to $18.021 billion for the quarter ended March 29, 2026, but net earnings decreased to $1.488 billion ($6.44 EPS) from $1.712 billion ($7.28 EPS). Aeronautics sales declined from classified programs and F-16, with operating profit impacted by $125 million unfavorable adjustments on F-16 and $55 million on C-130, partially offset by $130 million favorable F-35 adjustments. Missiles and Fire Control saw an 8% sales and profit increase from PAC-3, JASSM, LRASM, and PrSM production ramp-up. Rotary and Mission Systems experienced an 8% sales and 19% profit decrease due to lower radar and Sikorsky helicopter volumes, reflecting unfavorable program adjustments. Space sales grew 7% from FBM and NGI programs, but operating profit fell 26% due to the absence of prior year favorable adjustments. Significant risks persist from fixed-price programs, including a classified Aeronautics program with cumulative losses of $1.8 billion and an MFC classified program with $1.46 billion in cumulative losses. The Canadian Maritime Helicopter and Turkish Utility Helicopter programs also present loss risks. Net cash from operations dropped sharply to $220 million from $1.409 billion, resulting in negative free cash flow of $(291) million, driven by working capital timing. The company repaid $1.0 billion in long-term debt and conducted no share repurchases this quarter. Macroeconomic factors like supply chain disruptions and inflation continue to challenge fixed-price contracts, while the proposed FY27 defense budget indicates a significant spending increase. |
Source: SEC EDGAR filing text and events; period Aug 28, 2026; filed Aug 28, 2026.
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