Lockheed Martin debuts PAC-3 Edge as UBS targets Lockheed Martin stock at USD 674

Published on 10/12/2026 at 11:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 10.50 percent to USD 20.06 billion. Lockheed Martin stock costs EUR 456.50 on October 12, 2026 versus EUR 455.50.

Key points in brief

Lockheed Martin debuted the PAC-3 Edge interceptor on October 9, 2026, for the U.S. Army's Future Interceptor program.
UBS raised its Lockheed Martin target from USD 581 to USD 674, according to Yahoo Finance.
Lockheed Martin stock was EUR 456.50 at Lang & Schwarz on October 12, 2026, up 0.22 percent versus the October 9 Xetra close.
Third-quarter 2026 results are scheduled for October 22, 2026.

Modernes Glas- und Stahlgebäude mit Spiegelbecken und begrüntem Vorplatz — Architektur-Render eines modernen Forschungscampus für Lockheed Martin, ISIN US5398301094, mit Glasfassade und Wasserbecken, Illustration mit AI erstellt.

Lockheed Martin (ISIN US5398301094) debuted its PAC-3 Edge interceptor on October 9, 2026, while UBS raised its target from USD 581 to USD 674. The new system is entering the U.S. Army's Future Interceptor program, giving the defense contractor a fresh product milestone alongside strong second-quarter results.

Interceptor enters next phase

According to Lockheed Martin on October 9, 2026, PAC-3 Edge combines a new company-built seeker, upgraded flight controls and a multi-pulse solid rocket motor designed by Northrop Grumman. Development is scheduled to advance to testing in 2027, with rapid deployment targeted for 2031.

The company also said it invested USD 250.0 million in its Strigo Product Center to develop seeker technology. That investment makes the announcement more than a product unveiling: it connects the interceptor to Lockheed Martin's manufacturing and engineering base in missile defense.

Three milestones shape the outlook

Lockheed Martin's recent chronology runs from USD 20.06 billion of revenue and USD 7.94 diluted earnings per share in the second quarter of 2026, to a potential USD 1.20 billion Precision Strike Missile Increment 2 contract announced on September 22, 2026, and then PAC-3 Edge on October 9, 2026. MarketBeat reported the second-quarter revenue and earnings figures, while Ground News carried the September contract value.

What does the target change mean?

Yahoo Finance reported that UBS upgraded Lockheed Martin from Neutral to Buy and lifted its target from USD 581 to USD 674. The same report said UBS expects 9.00 percent annual top-line growth through 2028, supported by missiles and munitions demand.

The next two dated events are the third-quarter 2026 earnings release on October 22, 2026, before the market opens, and the related webcast at 8:30 a.m. ET on the same date. Yahoo Finance reported that the replay will remain available through November 5, 2026.

Stock holds above Xetra close

Lockheed Martin stock was trading at EUR 456.50 at Lang & Schwarz on October 12, 2026 at 11:30 a.m. CEST, up 0.22 percent versus the Xetra close of October 9, 2026 at EUR 455.50. On the NYSE, the latest available quote was USD 509.59 on October 9, 2026, while the 52-week range was USD 437.25 to USD 692.00.

The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.