Lockheed Martin signs deal: Lockheed Martin stock sits 26.82 percent below yearly high
Published on 10/09/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Lockheed Martin signed a Philippine Air Force training contract covering support through 2032 on October 8, 2026.
- The company reported USD 20.06 billion in second-quarter 2026 revenue and USD 7.94 diluted earnings per share.
- Lockheed Martin stock was at EUR 453.15 at Lang & Schwarz on October 9, 2026, up 0.52 percent from EUR 450.80.
- UBS upgraded Lockheed Martin from Neutral to Buy and raised its target from USD 581 to USD 674.
Lockheed Martin stock (ISIN US5398301094) was trading at EUR 453.15 at Lang & Schwarz on October 9, 2026, while its NYSE quote stood at USD 506.42, 26.82 percent below the USD 692.00 52-week high. The company signed a Philippine Air Force training deal on October 8, 2026, covering simulator systems, maintenance training and support through 2032, according to Defence Industry Europe.
Three contracts shape the year
On July 23, 2026, Lockheed Martin reported second-quarter sales of USD 20.06 billion, net earnings of USD 1.84 billion and diluted earnings per share of USD 7.94, according to Lockheed Martin. Sales increased 11.00 percent from the prior-year quarter, while operating cash flow reached USD 3.24 billion.
On September 21, 2026, the U.S. Army awarded Lockheed Martin a Precision Strike Missile Increment 2 contract worth up to USD 1.20 billion, with completion scheduled for September 13, 2031, as reported by Inside Defense.
On October 8, 2026, the Philippine contract added a training and sustainment layer to Lockheed Martin's helicopter business. The agreement is the first direct commercial sale of the company's S-70i Black Hawk training devices, according to Defence Industry Europe.
What does the order mean for demand
The contract has no disclosed dollar value, but its support period through 2032 gives the program a multiyear service element. That matters alongside the company's USD 230.00 billion record backlog reported with the second-quarter results, because training, maintenance and spare-parts work can extend revenue beyond the initial equipment delivery.
Next dates and the stock
Lockheed Martin is scheduled to publish third-quarter 2026 results before the market opens on October 22, 2026, with an earnings call at 8:30 a.m. ET, according to MarketBeat. The replay is scheduled to remain available through November 5, 2026.
UBS analyst Gavin Parsons upgraded Lockheed Martin from Neutral to Buy and lifted the target from USD 581.00 to USD 674.00 in a note dated September 8, 2026, according to Insider Monkey. The target is 33.10 percent above the USD 506.42 NYSE quote, while the euro quote remained below its Lang & Schwarz prior close comparison only in currency terms and was higher by 0.52 percent.
Price and upcoming results
Lockheed Martin was trading at EUR 453.15 at Lang & Schwarz on October 9, 2026 at 4:01 p.m. CEST, up 0.52 percent versus the prior close of EUR 450.80 on October 8, 2026. On the NYSE, the stock was last at USD 506.42 on October 9, 2026 at 10:04 a.m. ET.
The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.
Lockheed Martin market facts
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 9, 2026, 4:01 p.m. CEST: EUR 453.15
- Change versus prior close: plus 0.52 percent
- Prior close Lang & Schwarz October 8, 2026: EUR 450.80
- Market capitalization: USD 116.9 billion as of October 9, 2026
- 52-week range: USD 437.25-692.00 as of October 9, 2026
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: October 22, 2026
Market context: Market report S&P 500.
