Lockheed Martin(US:LMT) Yahoo Finance·2026-01-09 19:21Industry Overview - Global military spending reached $2.7 trillion in 2024 and is projected to rise to $6.6 trillion by 2035 if current trends continue [1] - U.S. President Donald Trump proposed a $1.5 trillion defense budget for 2027, which is expected to generate excitement in the defense sector [2] Company Profile: Lockheed Martin - Lockheed Martin is a defense technology company operating in four segments: aeronautics, space, mission & fire control, and rotary & mission systems [3] - For Q3 2025, Lockheed Martin reported revenue of $18.6 billion and an EPS of $6.95 [3] Financial Performance - Lockheed Martin's stock has increased by 17% over the past six months due to a positive outlook for the defense sector [4] - The company ended Q3 2025 with a record order backlog of $179 billion, providing clear cash flow visibility [5] - Lockheed reported free cash flow of $3.3 billion for the quarter, indicating an annualized potential of $13.2 billion [6] - The company has increased its share repurchase authorization to $9 billion and raised its quarterly dividend by 5% to $3.45 per share [6] - Lockheed has raised its revenue guidance for 2025 to a mid-range expectation of $74.5 billion [6]