Lockheed Martin stock lands a USD 1.20 billion missile contract

Published on 09/29/2026 at 08:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lockheed Martin stock closed at USD 518.10 on September 28, 2026, down 0.28 percent from the prior close. Q2 sales rose 11 percent to USD 20.1 billion.

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) closed at USD 518.10 on the NYSE on September 28, 2026, down 0.28 percent from the prior close. The company received a U.S. Army contract worth up to USD 1.20 billion for the next version of its Precision Strike Missile, according to Lockheed Martin in a release dated September 21, 2026.

Missile contract adds production volume

The award covers the Increment 2 variant of the Precision Strike Missile, a long-range weapon designed to replace the Army Tactical Missile System. The contract follows a second successful flight test in August that demonstrated the missile's ability to engage moving maritime targets.

The award is an indefinite-delivery, indefinite-quantity contract, so its ceiling does not equal immediate revenue. Its value depends on future orders, but the program adds potential volume to a missile portfolio already benefiting from higher demand.

Second-quarter figures set a higher bar

Lockheed Martin reported second-quarter 2026 sales of USD 20.1 billion, an 11 percent increase from the prior year, while net earnings reached USD 1.8 billion and reported EPS was USD 7.94, according to Lockheed Martin in its July 23, 2026 results release. Operating profit was USD 2.48 billion in the same quarter.

The comparison is unusually wide because the prior-year quarter included major program losses. Even so, the operating data show why missile production matters: the Missiles and Fire Control segment generated USD 4.1 billion in second-quarter sales, up 19 percent year over year, based on the reported results.

UBS target stands above the market

UBS upgraded Lockheed Martin from Neutral to Buy and raised its price target from USD 581.00 to USD 674.00 on September 8, 2026, as reported by CNBC. The new target is 30.09 percent above the September 28 closing price.

The broader analyst picture remains more cautious. MarketBeat reported on September 26, 2026 that 19 brokerages carried a consensus Hold rating and an average 12-month target of USD 637.56.

Lockheed Martin stock closes below its yearly high

Lockheed Martin stock closed at USD 518.10 on September 28, 2026, on NYSE volume of 1,075,683 shares. The 52-week range was USD 437.25 to USD 692.00, while market capitalization stood at USD 119.6 billion.