AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended September 27, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Lockheed Martin's third-quarter sales rose 11% to $20.7B and net earnings to $1.8B ($7.97 per diluted share), led by Missiles and Fire Control's 24% sales growth on PAC-3 and THAAD production ramps.
Biggest Revenue Drivers
Aeronautics$8,214M+13% YoY
Higher F-35 sales on production and sustainment contracts and C-130 pre-contract cost liquidation, partly offset by lower F-16 volume
Rotary and Mission Systems$4,511M+3% YoY
Higher volume on radar programs within Sensors, Effectors & Mission Systems
Biggest Revenue Drivers
Total revenue: $20.7B+11% YoY
Aeronautics$8,214M+13% YoY
Higher F-35 sales on production and sustainment contracts and C-130 pre-contract cost liquidation, partly offset by lower F-16 volume
Rotary and Mission Systems$4,511M+3% YoY
Higher volume on radar programs within Sensors, Effectors & Mission Systems
Missiles and Fire Control$4,501M+24% YoY
Production ramps on PAC-3 and THAAD integrated air and missile defense, and GMLRS and PrSM tactical missiles
Space$3,485M+4% YoY
Higher volume on FBM and NGI strategic missile defense, partially offset by OPIR program lifecycle
Largest Expense Items
Product operating costs$15,609M+14% YoY
Production ramp-up and higher volume across all four business segments
Service operating costs$2,882Mflat YoY
Service costs during the quarter were comparable to the prior-year period
Non-service FAS pension expense$81M-18% YoY
Lower non-service pension expense versus the prior-year quarter
Margins: Gross profit rose to $2.4B from $2.2B, with operating profit of $2.4B up 7% YoY. Consolidated margins benefited from profit adjustments; the filing notes that profit booking rate adjustments can significantly affect comparability of segment margins.
Watch Items from the Filing
Aeronautics classified program has cumulative reach-forward losses of approximately $1.8B; additional losses may be recorded in future periods if performance issues arise.
Costs on the F-35 Lot 20 advance acquisition contract began exceeding current contractual authorization and funding in Q3 2026; results and cash flows will be negatively impacted without additional U.S. Government funding.
Guaranteed up to $750 million of United Launch Alliance borrowings amid Vulcan Centaur performance challenges, with additional financial support expected.
Backlog reached $292.0B, up $61.6B in the quarter, primarily from a $52.5B multi-year PAC-3 MSE interceptor award at MFC.
U.S. Government accounts for 70% of nine-month sales, with 61% from the DoW; F-35 represents approximately 27% of consolidated sales.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
62 transactions in LMT reported by 24 members of Congress under the STOCK Act, most recent trade Sep 23, 2026. Reported transactions, not recommendations.
About LOCKHEED MARTIN CORP (LMT): stock profile, AI score and financials
LOCKHEED MARTIN CORP (LMT) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores LMT at 64.9/100 on a composite quality score built from its SEC filings, placing it at rank #503 of 2,925 stocks — the top 25% of the AI-ranked universe. LMT scores in the top quartile across revenue scale (98.0), balance sheet strength (86.2). Based on the latest XBRL financial filings (Q3 2026), LOCKHEED MARTIN CORP reports quarterly revenue of $20.7B, net income of $1.8B, an operating margin of 11.8%. Top institutional holders of LMT by reported 13-F value include STATE STREET, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. LMT trades on the NYSE exchange and files with the SEC under CIK 936468. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LMT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LOCKHEED MARTIN CORP directly from SEC EDGAR.