Lockheed Martin filings document the reporting obligations of a NYSE-listed defense technology company with common stock traded under LMT. Its Form 8-K reports disclose quarterly and annual operating results, financial outlook updates, material definitive agreements, unsecured revolving credit facilities, senior unsecured notes, and pension obligation transactions.
Proxy materials describe board and shareholder voting matters, executive compensation, pay-versus-performance data, and governance practices. The filing record also identifies capital-structure matters such as registered debt offerings, credit-agreement amendments, and securities registered under the Exchange Act.
Lockheed Martin Corporation held its Annual Meeting of Stockholders on May 12, 2026, where 199,144,407 of 230,462,118 shares entitled to vote were represented, constituting an 86.41% quorum. Stockholders elected nine directors to serve until the 2027 annual meeting.
They also approved the advisory vote on compensation of named executive officers, with 148,179,585 votes for, 13,335,167 against, and 2,913,579 abstentions, and ratified Ernst & Young LLP as independent auditors for 2026. A stockholder proposal requiring an independent board chairman received 57,816,372 votes for and 103,555,181 against, so it was not approved.
Lockheed Martin Corp: Vanguard Capital Management reports beneficial ownership of 16,111,934 shares of Common Stock, representing 6.99% of the class as of 03/31/2026. The filer discloses sole dispositive power over 16,111,934 shares and sole voting power over 2,046,446 shares. The filing states these holdings include securities held for Vanguard funds and certain affiliates and that no other single person holds more than 5% of the class.
Lockheed Martin Corporation filed a shelf registration on Form S-3 to offer Debt Securities. The registration, dated April 23, 2026, permits offers of unsecured, unsubordinated debt in one or more series under an indenture with U.S. Bank Trust Company, National Association as trustee. Specific terms—interest rate, maturity, aggregate amount, and redemption features—will be set in prospectus supplements. The prospectus states net proceeds are expected to be used for general corporate purposes, including repayment of indebtedness, acquisitions, capital expenditures, dividends, and pension funding.
Lockheed Martin reported lower profit on slightly higher sales for the quarter ended March 29, 2026. Sales were $18.0 billion, up marginally from $18.0 billion a year ago, but net earnings fell to $1.49 billion from $1.71 billion as margins declined.
Diluted earnings per share were $6.44 versus $7.28, reflecting weaker operating profit of $2.06 billion compared with $2.37 billion. Cash from operations dropped to $220 million from $1.41 billion, driven by higher contract assets and inventory and lower contract liabilities, while cash on hand declined to $1.89 billion.
Segment results were mixed: Aeronautics profit fell on unfavorable adjustments to F‑16 and C‑130 programs, partly offset by strong F‑35 sustainment performance. Missiles and Fire Control grew on PAC‑3 and tactical missile ramp‑ups. Rotary and Mission Systems and Space saw lower operating profit despite solid sales, reflecting program‑specific pressures. Backlog remained very strong at $186.4 billion, with more than half expected to convert to revenue within 24 months.
Lockheed Martin reported first quarter 2026 sales of $18.0 billion, essentially flat with the first quarter of 2025. Net earnings declined to $1.5 billion, or $6.44 per share, from $1.7 billion, or $7.28 per share, as consolidated operating profit fell 13% to $2.1 billion.
Cash generation weakened sharply: cash from operations dropped to $220 million from $1.4 billion, and free cash flow swung to $(291) million from $955 million, mainly due to working capital and billing timing. The company spent $511 million on capital expenditures, paid $816 million in dividends, and repaid $1.0 billion of long‑term debt.
Segment sales increased at Missiles and Fire Control and Space but declined at Aeronautics and Rotary and Mission Systems, with business segment operating profit down 13% overall. Management highlighted new multiyear framework agreements to accelerate munitions production and reaffirmed 2026 guidance, including sales of $77.5–$80.0 billion, diluted EPS of $29.35–$30.25, and free cash flow of $6.5–$6.8 billion.
LOCKHEED MARTIN CORP director Vicki A. Hollub exercised phantom stock units into common shares as part of director compensation plans. On April 1, 2026, she converted 415.6020 phantom stock units into 415.6020 shares of Lockheed Martin common stock, at a stated exercise price of $0.0000. After the transaction, she held 415.6020 common shares directly, while additional phantom stock units remain held indirectly under company director plans. Footnotes explain that phantom stock units convert to common stock on a one-for-one basis and that some units, totaling 2525.3261, will be settled upon retirement or termination of service.
Dunford Joseph F Jr reported acquisition or exercise transactions in this Form 4 filing.
Lockheed Martin director Joseph F. Dunford Jr. received 80.6598 phantom stock units on March 31, 2026 under the Lockheed Martin Directors Deferred Compensation Plan. These units track common stock one-for-one, were credited at $604.39 per share through deferral of director retainer fees, and are settled in cash when his board service ends. He also holds 2,952.6108 phantom stock units under the Amended and Restated Directors Equity Plan, which are payable in cash or stock upon retirement or termination of service, with certain awards eligible for payment in the April following vesting. Holdings include additional units from dividend reinvestment.
LOCKHEED MARTIN CORP director John Donovan reported an acquisition of 81.6939 phantom stock units on March 31, 2026 through deferral of his director retainer fees at $604.39 per share. These units track Lockheed Martin common stock one-for-one but are settled in cash at retirement or termination of service.
After this award, Donovan holds 1,451.4877 phantom stock units in the Lockheed Martin Directors Deferred Compensation Plan and 2,049.5477 units in the Directors Equity Plan, including additional units from dividend reinvestment. The filing reflects compensation-related awards rather than open-market share purchases or sales.
LOCKHEED MARTIN CORP director David B. Burritt received 70.3188 phantom stock units on March 31, 2026 through deferral of director retainer fees under the Lockheed Martin Directors Deferred Compensation Plan. Footnotes state these units were valued at $604.39 per share and convert to common stock on a one-for-one basis.
Following this grant, Burritt indirectly holds 11,312.9324 phantom stock units in the deferred compensation plan, and a total of 14,088.1322 underlying common shares are referenced across his indirect phantom unit holdings. These awards are exempt under Section 16(b) and are settled in cash upon retirement or termination of service rather than through open-market stock transactions.
The Vanguard Group filed an amended Schedule 13G reporting that, after an internal realignment, it and related Vanguard subsidiaries hold 0 shares of Lockheed Martin Corporation common stock and have 0% beneficial ownership as stated in the filing.
The filing explains the change reflects an internal reorganization effective January 12, 2026, after which certain Vanguard subsidiaries report ownership separately under SEC Release No. 34-39538. The filing is signed by Vanguard's Head of Global Fund Administration on March 27, 2026.