LMT

Over the past six months, Lockheed Martin's stock price has fluctuated, trading at $499.13 as of October 8, 2026, reflecting a 6.23% decrease in the past month and a 2.15% decrease over the last 12 months, with a year-to-date return of 3.98%. Key events impacting the stock price include a Q1 2026 earnings miss and production delays on key programs like the F-16, which led to an approximately 17% stock decline due to negative free cash flow and a 14% drop in Aeronautics segment profit. Concerns about geopolitical de-escalation, specifically a Reuters report on US-Iran discussions, contributed to a stock decline of over 3%. However, strong Q2 2026 results, with sales increasing 11% year-over-year to $20.1 billion and net earnings per share at $7.94, along with a record backlog of $230 billion, positively impacted the stock. Additionally, Rothschild Redburn initiated coverage on Lockheed Martin with a 'buy' rating and a $650 price target, citing strong growth prospects.