Core Insights - Lockheed Martin Corporation reported a strong financial performance for the fourth quarter of 2025, with sales of $20.3 billion, a 9.2% increase from $18.6 billion in the same quarter of 2024. Net earnings reached $1.3 billion, or $5.80 per share, compared to $527 million, or $2.22 per share, in the previous year [1][6][12] Financial Performance - The company achieved a total sales increase of 6% year-over-year, reaching $75.0 billion in 2025, up from $71.0 billion in 2024 [6][19] - Net earnings for 2025 were $5.0 billion, or $21.49 per share, which included a pension settlement charge of $479 million [6][10] - Cash from operations was $8.6 billion in 2025, with free cash flow of $6.9 billion after a pension contribution of $860 million [6][8] Operational Highlights - Lockheed Martin's backlog reached a record $194 billion at the end of 2025, indicating strong demand for its products and services [2][6] - The company invested over $3.5 billion in production capacity and next-generation technologies throughout 2025 to meet increasing demand [2][3] Segment Performance - Aeronautics segment sales increased to $8.5 billion in Q4 2025, up from $8.0 billion in Q4 2024, driven by higher sales on classified programs and the F-35 program [17][18] - The Missiles and Fire Control segment saw sales rise to $4.0 billion in Q4 2025, an 18% increase from $3.4 billion in Q4 2024, attributed to production ramp-up in tactical and strike missile programs [21][22] - Rotary and Mission Systems segment sales were $4.6 billion in Q4 2025, up from $4.3 billion in Q4 2024, primarily due to higher sales on Integrated warfare systems and Sikorsky helicopter programs [25][26] - Space segment sales increased to $3.2 billion in Q4 2025, compared to $2.9 billion in Q4 2024, driven by higher sales volume for strategic and missile defense programs [29][30] 2026 Financial Outlook - The company expects sales for 2026 to be between $77.5 billion and $80.0 billion, with business segment operating profit projected between $8.4 billion and $8.7 billion [12][38] - Free cash flow is anticipated to be between $6.5 billion and $6.8 billion for 2026, reflecting continued strong operational performance [12][39]

Core Insights - Lockheed Martin is significantly increasing the production of THAAD interceptors from 96 per year over the next seven years, in collaboration with the Department of War [2] - A new Munitions Acceleration Center is being established in Camden, Arkansas, to enhance workforce capabilities in advanced manufacturing and robotics [1] Investment and Production Expansion - Lockheed Martin has invested over $7 billion since President Trump's first term, with approximately $2 billion allocated for munitions production acceleration [5] - The company plans a multibillion-dollar investment over the next three years to expand production and modernize over 20 facilities across multiple states [5] - The THAAD framework agreement is the second of its kind, following a recent agreement for PAC-3 MSE interceptors [5] Job Creation and Manufacturing Growth - Lockheed Martin is creating tens of thousands of high-quality American jobs in manufacturing, engineering, and skilled trades to meet rising production demands [5] - Since 2016, deliveries of six critical munitions have increased by over 220%, with a projected additional increase of 245% to support PAC-3 and THAAD capabilities [5] - Manufacturing jobs have grown by over 60% since President Trump's first term, with an additional ~50% growth projected by 2030 [5]

26 January 2026 Global Aerospace & Defense US Defense: Land of Confusion? Answers - but, more questions; And Q4 preview Douglas S. Harned, Ph.D. +1 917 344 8430 douglas.harned@bernsteinsg.com Adrien Rabier +44 20 7676 6820 adrien.rabier@bernsteinsg.com Jennifer Ma +1 917 344 8408 jennifer.ma@bernsteinsg.com Specialist Sales Steve Song +1 917 344 8401 steve.song@bernsteinsg.com US defense stocks outperformed during the first three weeks of 2026, as geopolitical tensions rose and President Trump reiterated hi ...

Key Takeaways LMT Q4 revenues are expected to rise 6.5% year over year to $19.83B on higher defense output.LMT sales likely to benefit from higher production across F-35 jets, missiles, helicopters and space programs.LMT earnings likely faced pressure from tariffs, program charges and losses in helicopter contracts.Lockheed Martin (LMT) is slated to report fourth-quarter 2025 results on Jan. 29, 2026, before market open.The Zacks Consensus Estimate for revenues is pegged at $19.83 billion, indicating an imp ...

Lockheed Martin Corporation (NYSE:LMT) is one of the stocks Jim Cramer discussed, along with market shortages. Noting that defense contractor companies are good long-term investments and offer “reasonable dividends,” a club member asked for a recommendation. Cramer replied: You’re right. I like… AeroVironment. I like Lockheed Martin. I’ve always been confused about whether to get into what I guard as the hornet’s nest of the president saying that they can’t buy back stock or they can’t pay dividends. Too ...

Group 1: Contract Wins and Financials - Lockheed Martin Corporation secured a $9.58 million contract modification for combat systems integration and testing, focusing on littoral combat ships and unmanned surface vessels [1][2] - The company has also obtained two defense contracts totaling $225 million for missile systems and naval weapons support, including a $202.8 million modification for PAC-3 missiles [3] - Additionally, Lockheed Martin's Rotary and Mission Systems unit received a $22.2 million cost-plus-fixed-fee contract for lifecycle logistics, engineering, and technical services for Aegis systems [4] Group 2: Operational Details - Work under the $9.58 million contract will be performed by Lockheed's Rotary and Mission Systems division across multiple locations, with completion expected by February 2027 [2] - The contracts emphasize the company's focus on advanced technology systems in the aerospace and defense sectors [4]

Lockheed Martin Corp. (NYSE:LMT) heads into its fourth-quarter earnings report on Jan. 29 with a massive $179 billion backlog shielding it from recent operational turbulence. While Wall Street remains cautious following mid-year execution stumbles, management's own full-year outlook suggests the defense giant could be poised to beat consensus estimates.The Numbers Game: Implied Guidance Vs. The StreetA significant discrepancy has emerged between analyst expectations and the company's stated financial target ...

Core Insights - Lockheed Martin's GPS III SV09 satellite enhances capabilities and resilience of the GPS constellation, crucial for military and civilian applications [1][5] Group 1: Launch and Operational Details - GPS III SV09 was launched from Cape Canaveral Space Force Station aboard a SpaceX Falcon 9 rocket at 11:53 p.m. ET and achieved signal acquisition shortly after [2] - The satellite is currently under operational control at Lockheed Martin's Denver Launch & Checkout Operations Center until it is officially accepted into the GPS operational control network [2] Group 2: Military and Security Features - GPS III SV09 provides advanced security and anti-jamming features, ensuring precise navigation and timing in contested environments, which is vital for national security and defense missions [3] - The GPS III satellites offer three-times better accuracy and eight-times improved anti-jamming capabilities, along with M-code navigation signals for global warfighters [3] Group 3: Importance of GPS Constellation - Each additional GPS III satellite enhances accuracy and provides resilient signals for essential services like aviation, precision agriculture, and telecommunications [4] - Sustaining and expanding the GPS constellation is critical as it ages, with new satellites required to maintain uninterrupted global coverage [4] Group 4: Future Developments - The launch of GPS III SV09 is a significant step towards enhancing the resilience of the GPS constellation, laying the groundwork for the upcoming GPS IIIF satellites, which will offer 60-times more anti-jam capabilities [5] - GPS III SV09 is equipped with a laser retroreflector array to improve measurements of the Earth's orientation for the GPS coordinate system [5][6]

RTX, Northrop Grumman Rise In Defense-Heavy Earnings Week | Investor's Business DailyMUST-VIEW FOR INVESTORS: [See The Best Online Brokers For 2026]---RTX advanced after topping quarterly estimates early Tuesday. Northrop Grumman climbed in a buy zone after beating views, but its earnings guidance and free cash flow outlook fell short. Among other defense contractors, General Dynamics (GD) releases results on Wednesday, followed by Lockheed Martin (LMT) reports Thursday. Meanwhile, defense stocks have been ...

为破解这一难题，通用电气航空与洛马计划采用旋转爆震发动机在导弹飞行早期提供加速，通过在一段开放圆柱通道内维 持一股以超声速传播的燃料爆轰波，使其在通道内环形循环，同时持续注入燃料与水，实现自持的高压燃烧循环。这种模 式可在燃烧过程中维持压力，而非像传统燃烧室那样依赖亚声速火焰面，从而显著提升能量利用效率。 根据介绍，这类旋转爆震发动机相比常规发动机效率可提升约25%，并可显著缩小体积和重量。更重要的是，它能够在亚 声速条件下工作，并可通过构型与流道调节，在超声速条件下充当冲压发动机，在高超声速条件下则切换为超燃冲压发动 机（scramjet），从而大幅降低所需火箭助推器的规模。设计上的简化意味着未来有望出现结构相对简单、成本较低、可大 规模生产的高超声速导弹。 在这项联合演示中，洛马的关键贡献是其为双模冲压发动机（DMRJ）设计的高速战术进气道，该进气道可与旋转爆震核 心进行匹配，使发动机在不同速度范围内在冲压与超燃冲压两种模式间切换。这一进气系统同时瞄准了爆震发动机在不同 高度工况下工作适应性差这一长期难题，通过调谐进气与爆震波场的耦合，使发动机能够在多高度、多马赫数环境中维持 工作，但其背后需要极其复杂的 ...