Lockheed Martin Corporation (LMT)

Over the past six months, Lockheed Martin's stock price has been impacted by several events. The company missed revenue expectations in Q2 2025 due to charges across legacy programs, leading to a decrease in operating margin. In Q3 2025, the company reported robust results, exceeding analyst estimates and raising its 2025 forecast. Lockheed Martin delivered a record 191 F-35 Lightning II stealth fighters in 2025, boosting revenues. An agreement with the U.S. Department of War is set to significantly increase PAC-3 MSE interceptor production. Lockheed Martin secured significant contracts, including a $12.5 billion contract for F-35 jets and an approximately $11 billion Navy contract for CH-53K King Stallion helicopters. Discussions around a proposed U.S. military budget increase have generated positive sentiment, and Truist Financial upgraded Lockheed Martin's stock to a "buy" rating.

Demand for Lockheed Martin's products and services is heavily influenced by geopolitical events and government defense budgets rather than traditional seasonality. The company is experiencing strong and increasing demand due to ongoing conflicts and geopolitical tensions, leading to increased production capacity and a record order backlog.

Lockheed Martin Corporation is an American defense and aerospace manufacturer specializing in defense technology and innovative solutions. The company operates within the Aerospace and Defense sector and is structured around four main segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

Lockheed Martin has a significant global presence with approximately 121,000 employees worldwide and over 350 facilities. The company works with more than 13,000 active suppliers, including those in every U.S. state and over 909 suppliers in more than 52 countries outside the U.S. The majority of Lockheed Martin's business is with the U.S. Department of Defense and U.S. federal government agencies, with the United States representing the largest portion of its revenue.

Lockheed Martin's brand reputation has been influenced by both challenges and successes. Sanctions from China and performance issues on contracts negatively impacted its reputation. Record-breaking F-35 deliveries and combat success, increased defense spending, and investments in digital transformation positively contributed to Lockheed Martin's reputation.

Lockheed Martin shares are primarily held by institutional investors, who collectively own about 72% of the company's shares. Major institutional owners include State Street Corporation, Vanguard Group Inc., and BlackRock Inc. Individual insider shareholders, such as James D. Taiclet, also hold stakes in the company.