Lockheed Martin stock lands a USD 209 million Navy award
Published on 10/06/2026 at 18:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lockheed Martin (ISIN US5398301094) was trading at USD 509.40 on the NYSE on October 6, 2026, up 0.55 percent from the prior close. The latest company-linked contract adds USD 208.96 million in funded Navy work for electronic warfare systems, keeping defense demand at the center of the stock story.
Navy award adds funded work
According to ClearanceJobs on October 5, 2026, the Navy awarded Lockheed Martin a USD 208.96 million firm-fixed-price modification for AN/SLQ-32(V)6 electronic warfare systems. Options could lift the cumulative value of the underlying contract to USD 1.71 billion, with work scheduled through September 2029.
The award was made on September 30, 2026, and assigns 78 percent of the work to Liverpool, New York, with the remaining 22 percent in Lansdale, Pennsylvania. That distribution gives the contract a direct manufacturing footprint rather than leaving the value as a purely long-term procurement headline.
Q2 figures set a higher bar
In its second-quarter release dated July 23, 2026, Lockheed Martin reported sales of USD 20.063 billion, net earnings of USD 1.836 billion and diluted EPS of USD 7.94. Sales rose 11 percent year over year, while EPS exceeded the USD 7.22 consensus by USD 0.72, according to MarketBeat.
The same quarter produced USD 3.235 billion in operating cash flow, compared with USD 220 million in the first quarter of 2026. The comparison matters because cash conversion, rather than contract volume alone, will shape the market response to the third-quarter report.
Consensus stays below prior highs
MarketBeat lists a consensus Hold rating from 19 analysts and an average price target of USD 637.56. That target lies 25.1 percent above the October 6 price of USD 509.40, while published individual targets run from USD 637.56 to USD 700.
The stock's October 6 trading range was USD 504.18 to USD 509.77, and its 52-week range was USD 437.25 to USD 692.00. At USD 509.40, the price stood 26.4 percent below the 52-week high, leaving the upcoming earnings release as the next major test of the raised 2026 outlook.
Results date is October 22
Lockheed Martin announced on October 1, 2026, that it will publish third-quarter results before the market opens on October 22, 2026, followed by an earnings webcast at 8:30 a.m. ET. The Q2 beat and the Navy award raise the comparison base for that report.
Lockheed Martin stock trades at USD 509.40
Lockheed Martin stock was trading at USD 509.40 on the NYSE on October 6, 2026, with a market capitalization of USD 117.6 billion and volume of 295,200 shares.
Lockheed Martin stock at a glance
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Trading venue: NYSE
- Price (as of October 6, 2026, 12:13 p.m. ET): USD 509.40
- Market capitalization: USD 117.6 billion (as of October 6, 2026)
- 52-week range: USD 437.25-692.00 (as of October 6, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
Upcoming dates for Lockheed Martin stock
- October 22, 2026: Third-quarter 2026 results and earnings webcast
