Lockheed Martin Q3FY26 Results: Shares down 20% from highs ahead of earnings

Shares trade over 20% below March all-time highs ahead of Q3 earnings. Analysts forecast record quarterly revenue of $20.49 billion, up 10.1% YoY. Backlog reached a record $230.416 billion following $65 billion in new Q2 orders. Missiles and Fire Control segment showed 19% YoY growth in the previous quarter.

Lockheed Martin delivers first C-130J-30 for Navy TACAMO mission

Lockheed Martin delivered the first C-130J-30 Super Hercules on October 15, 2024. The aircraft will be modified into the E-130J Phoenix II for the Navy. Delivery occurred at the Marietta, Georgia facility. The platform supports the Take Charge and Move Out (TACAMO) mission.

Lockheed Martin invests $300 million in Texas to expand missile production

Lockheed Martin invests $300 million in Grand Prairie, Texas, creating 6,000 U.S. jobs. Expansion increases manufacturing footprint to over 735,000 square feet by 2026. Partnership with Avio secures solid rocket motor supply for GMLRS and PrSM programs. Stock trades below 50-day and 200-day moving averages despite premarket gains.

Fuerza Aérea Mexicana acquires second Lockheed C-130J-30 Super Hercules

Fuerza Aérea Mexicana acquires a second Lockheed Martin C-130J-30 Super Hercules. Mexico was the first Latin American nation to join the global Super Hercules fleet. The second acquisition follows the first aircraft announcement in January 2026. The move reinforces Mexico's role as a regional leader in air mobility.

Lockheed Martin secures $1.2 billion Army missile production deal

Lockheed Martin secured a U.S. Army contract worth up to $1.2 billion for PrSM Increment 2 missiles. The agreement covers initial orders, future production, and continued development under an IDIQ structure. Recent flight tests demonstrated the missile's ability to engage moving maritime targets from HIMARS launchers. Analysts maintain mixed ratings with an average price target of $650.63 despite recent upgrades from UBS and Citigroup.

Lockheed Martin delivers first F-35A to Germany for NATO interoperability

Lockheed Martin delivered Germany's first F-35A on Sept. 18, 2026, in Fort Worth, Texas. The program totals 35 aircraft, with pilot training starting in Arkansas this fall. Full operational capability is expected by 2029, enhancing NATO interoperability. The global F-35 fleet exceeds 1,355 units and has logged over 1 million flight hours. German industry continues to play a vital role in the supply chain since 2001.