Lockheed Martin gets $871 million contract while Lockheed Martin stock is 26.41 percent below high

Published on 10/01/2026 at 12:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter sales rose 11.00 percent to USD 20.06 billion. Lockheed Martin stock costs EUR 451.50 on October 1, 2026 after EUR 449.15.

Rüstungswerk mit Hangar, Radarturm und unmarkiertem Kampfjet in der Abenddämmerung — Fotorealistische Werksanlage von Lockheed Martin (ISIN US5398301094) mit Hangar und unmarkiertem Tarnkappenjet bei Dämmerung, Illustration mit AI erstellt.

Lockheed Martin (ISIN US5398301094) was trading at EUR 451.50 at Lang & Schwarz on October 1, 2026 at 12:48 p.m. CEST, while its primary-exchange quote stood at USD 509.25 on September 30, 2026. As MarketBeat reported on September 29, 2026, the Pentagon awarded the company an USD 871.00 million modification to an existing F-35 support contract. The USD 871.00 million award is the headline event, while the stock remains 26.41 percent below its USD 692.00 52-week high, based on the same primary-exchange quote context.

F-35 support adds contract visibility

The modification expands equipment, site activation and sustainment work for the F-35 Lightning II program, according to MarketBeat. The same report cited a new USD 18.90 million radar contract and a backlog of USD 230.0 billion at the end of the second quarter of 2026, up 38.30 percent from the prior year.

The contract flow matters because it supports future production and sustainment revenue, but the stock's valuation still reflects execution risk. MarketBeat reported that Lockheed Martin's 200-day moving average was USD 554.98 on September 29, 2026, above the USD 509.25 primary-exchange quote available for September 30.

Second-quarter sales rose 11.00 percent

Lockheed Martin's second-quarter 2026 sales increased 11.00 percent year over year to USD 20.06 billion, while net earnings reached USD 1.84 billion and diluted earnings per share were USD 7.94, according to the company's Lockheed Martin release dated July 23, 2026. Cash from operations was USD 3.24 billion in the quarter, giving the results a stronger cash-flow profile than the USD 220.00 million reported for the first quarter of 2026.

Analyst expectations also shifted upward. According to CNBC on September 8, 2026, UBS upgraded Lockheed Martin from Neutral to Buy and raised its price target from USD 581.00 to USD 674.00. UBS also projected a 9.00 percent revenue compound annual growth rate through 2028, while identifying missile production and F-35 sustainment as key growth areas.

Next results arrive October 27

The next scheduled test is the third-quarter 2026 earnings report on October 27, 2026, as listed by The Wall Street Journal. For investors, the central comparison is clear: second-quarter sales growth and a USD 230.0 billion backlog must translate into sustained cash generation while the company expands missile and F-35 capacity.

Stock holds above EUR 449.15

Lockheed Martin stock was trading at EUR 451.50 at Lang & Schwarz on October 1, 2026 at 12:48 p.m. CEST, up 0.52 percent versus the prior close of EUR 449.15 on September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.