Lockheed Martin Stock Price, News & Analysis

Lockheed Martin (NYSE: LMT) and NASA completed the first flight of the X-59 on October 28, 2025, launching from Plant 42 in Palmdale and landing near NASA Armstrong in Edwards, California.

The flight verified initial flying qualities and air data performance and set the program on track for upcoming supersonic test flights to measure a reduced sonic signature intended to enable commercial supersonic flight over land. Skunk Works will lead the initial flight test campaign with NASA to expand the X-59 flight envelope and conduct community acceptance testing for data-driven noise thresholds.

Lockheed Martin (NYSE: LMT) reported that the Orion spacecraft named Integrity was stacked atop the Space Launch System (SLS) rocket in High Bay 3 at Kennedy Space Center on Oct. 19, 2025, marking a major prelaunch milestone for Artemis II. Teams will complete electrical, data and umbilical hookups and EGS will run integrated tests before the stack rolls to Launch Pad 39B for a wet dress rehearsal next year. The first crewed Artemis flight is scheduled no earlier than February 2026, with launch windows extending through April 2026, and a planned mission duration of 10 days. Lockheed Martin is the prime contractor and built Orion's crew module, adapter and launch abort system.

Lockheed Martin (NYSE: LMT) reported Q3 2025 sales of $18.6B and net earnings of $1.6B ($6.95 diluted EPS). Cash from operations was $3.7B and free cash flow was $3.3B. The company returned $1.8B to shareholders via dividends and repurchases, raised repurchase authority by $2B to $9.1B, and increased the quarterly dividend 5% to $3.45 per share. Lockheed reported a record backlog of $179B and said it finalized F-35 Lots 18–19 contracts early in Q4. The company updated 2025 guidance to sales of ~$74.25B–$74.75B and diluted EPS of ~$22.15–$22.35.

Lockheed Martin (NYSE: LMT) joined Belgian authorities on Oct. 14, 2025 to mark the arrival of the first F-35A Lightning II stationed in Belgium at Florennes Air Base.

Belgium has received 11 of its 34 F-35A aircraft to date, with 8 currently at Luke AFB for training. In July Belgium announced its intent to procure 11 additional F-35As, which would raise its program of record to 45 aircraft. The F-35 program supports operations across 16 services, serves 20 allied nations, and engages over 1,900 global suppliers.

Lockheed Martin (NYSE: LMT) announced a $3.45 per share dividend for Q4 2025, a $0.15 (5%) increase versus the prior quarter and marking the company's 23rd consecutive year of dividend raises.

The dividend is payable on Dec. 30, 2025 to holders of record at the close of business on Dec. 1, 2025. The board also authorized up to an additional $2.0 billion in share repurchases, bringing total remaining repurchase authorization to approximately $9.1 billion. Management controls the timing and number of shares repurchased, subject to applicable laws.

Lockheed Martin (NYSE: LMT) has scheduled its Q3 2025 earnings conference call for Tuesday, October 21, 2025, at 11 a.m. ET. The webcast will feature key executives including CEO Jim Taiclet, CFO Evan Scott, and VP of Investor Relations Maria Ricciardone.

The company will release its Q3 2025 financial results before market opening on October 21. Investors can access the live webcast, presentation slides, and financial charts on Lockheed Martin's investor website. An on-demand replay will be available through November 4, 2025.

Lockheed Martin's Sikorsky (NYSE: LMT) has secured a significant $10.855 billion contract from the U.S. Navy to manufacture up to 99 CH-53K® King Stallion® helicopters for the U.S. Marine Corps. The five-year multi-year procurement contract, spanning from 2029 to 2034, represents the largest-quantity order for these aircraft to date.

The contract combines Lots 9-13 and involves 267 suppliers across 37 states and 17 international suppliers from 8 countries. Sikorsky has already delivered 20 CH-53K aircraft to the Marine Corps, with 63 additional aircraft currently in production. The U.S. Marine Corps' Program of Record maintains its target of 200 CH-53K aircraft in total.

Lockheed Martin (NYSE: LMT) has unveiled Vectis, a Group 5 collaborative combat aircraft (CCA) developed by its Skunk Works® division. The advanced military drone system integrates with 5th and next-generation aircraft, offering multi-mission capabilities including precision strike, ISR targeting, and electronic warfare.

Key features of Vectis include best-in-class survivability, compatibility with common control systems like MDCX™, and endurance ranges suitable for Indo-Pacific, European, and Central Command theaters. The system is designed with open architecture to avoid vendor lock and emphasizes affordability through advanced manufacturing and digital engineering techniques.

Lockheed Martin has already initiated development, with parts ordered and a team executing the project, aiming to design, build, and fly within two years.

Lockheed Martin Skunk Works (NYSE: LMT) and BAE Systems FalconWorks have announced a strategic partnership at DSEI defence conference to develop uncrewed autonomous air systems. The collaboration aims to create rapidly deployable, modular systems with multiple launch capabilities including air drop, ground launch, maritime launch, and wide-body logistic aircraft launch.

The initial focus will be on developing electronic warfare and attack capabilities to enhance the survivability of current crewed combat aircraft. The partnership leverages both companies' expertise in rapid prototyping and advanced manufacturing to deliver cost-effective solutions for military customers seeking to develop affordable 'combat mass' to support existing frontline combat platforms.