LMT
NYSE · Industrials · Aerospace & Defense · US
Research · Sep 20, 2026
[LMT] Lockheed Martin: Q3 2026 Earnings Preview, Munitions Ramp and F-35 Deliveries
Lockheed Martin posted Q2 2026 sales of $20.06 billion and a record $230.4 billion backlog; Q3 results will show whether the missile ramp lifts sales without diluting margin.
Research · Sep 7, 2026
Metal 3D Printing Demand Outpaces Production Capacity
Velo3D says it needs 300-400 metal printers within one to two years but can build only 100, while 3D Systems sold more metal printers in H1 2026 than in all of 2025.
Research · Sep 3, 2026
[LMT] Lockheed Martin Thesis 2026: F-35 Normalization + Missiles Capacity Scaling Anchor Defense Pure-Play
Lockheed Martin FY2025 revenue ~$73B (+3-5% YoY) with adj. EPS ~$28.00 — pure-play defense prime contractor with ~70% US DoD + ~25% international + ~5% civilian government revenue. F-35 program (largest single revenue contributor at ~25-30% / ~$20B) progressing through TR-3 software upgrade resolution: deliveries recovering from FY2023 trough (~98 deliveries) toward FY2025 target ~150. Missiles & Fire Control segment scaled production capacity ~2x prior on PAC-3 (Patriot interceptor) demand from Ukraine + Middle East + international. Backlog ~$165B record. FY2026 thesis: F-35 normalization continues + Missiles capacity scaling capturing elevated demand + Space classified programs delivering on development cycles + 22nd consecutive year of dividend growth; key risks: F-35 program execution issues persisting, US DoD budget compression, classified space program cost overruns.
Research · Jun 8, 2026
LMT, RTX, NOC: Defense Cohort After House War Powers Vote
House blocks Trump on Iran. Israel-Lebanon ceasefire. LMT $512, RTX $172, NOC $526 — cohort sells off but defense budget trajectory intact.
Research · Jun 6, 2026
PLTR Stock: NSA Anthropic Deal Lifts Defense AI Names
FT reports the NSA is using Anthropic's Mythos for cyber operations as the US doubles down on defense AI. What the catalyst means for PLTR, LMT, and HII.
Research · Apr 23, 2026
Will $100 Oil From Strait of Hormuz Tensions Cement XOM and CVX Outperformance?
Brent crude topping $100/barrel on Strait of Hormuz concerns reveals a mispricing in energy stocks still trading on lower oil price assumptions. XOM and CVX offer 15-20% upside as earnings revisions catch up to triple-digit oil reality, with LMT benefiting from elevated Middle East defense spending. The thesis breaks if oil retreats below $85 by Q3 2025.
Research · Apr 13, 2026
NASA Artemis II Success: LMT Leads 6 Defense Stocks Ranked for Lunar Economy Upside
Artemis II's safe return on April 11, 2026, de-risks NASA's lunar program, favoring contractors like LMT and NOC with direct hardware roles. We rank six stocks by exposure, ranking LMT highest for its Orion primacy and steady growth. Risks include delays and competition from private launchers.
Research · Apr 13, 2026
Hezbollah Escalation Before Peace Talks: LMT +30% YTD, RTX and XOM Next to Move?
Hezbollah's intensified attacks on Israel, killing 14 in Lebanon ahead of U.S.-Iran talks, signal rising demand for LMT and RTX missile systems amid $462B backlogs, while XOM benefits from Middle East supply fears boosting oil. Defense stocks show strong YTD gains (LMT +30%, RTX +10%), with XOM up 28% on resilient production guidance. Bullish: Escalation drives orders and pricing power.
Research · Apr 13, 2026
Iran Policy Rift Lifts LMT, NOC, XOM — 6 Defense & Energy Stocks to Buy Now
Policy rifts between Trump and Netanyahu over Iran elevate US defense spending and oil risks, benefiting LMT, NOC, RTX, GD, XOM, and CVX. Defense firms show record backlogs and production ramps; energy majors leverage low-cost assets amid supply threats. NOC and LMT top the conviction list.
Research · Apr 13, 2026
Israel-Lebanon Strikes Push Oil to $110 — Is XLE or LMT the Better Bet Now?
Israeli strikes in Lebanon on April 9 threaten the Iran-US ceasefire, spiking oil to $110/bbl and lifting energy sentiment for XLE. Defense leaders LMT and NOC, with $75B/$42B revenues and record backlogs, are primed for missile demand amid Hezbollah risks—bullish on dips with 5-11% sales growth guided.
Research · Apr 13, 2026
US-Iran Truce Pulls Oil Back: Why LMT Holds While XOM Slips
The announced US-Iran truce steadied European gas but sparked an oil pullback, pressuring XOM while LMT held gains on defense tailwinds. SPY faces volatility from diplomatic uncertainty. Investors should favor LMT's backlog resilience over XOM's exposure, with SPY as a tactical hedge.
Research · Apr 13, 2026
LMT Up 29.8% YTD as Iran Tankers Stall — Is XOM Next to Move?
Trump's April 13 oil blockade announcement idled Iranian tankers off India, boosting LMT's defense prospects via missile demand while pressuring XOM's Middle East ops. LMT's $141B cap and 29.8% YTD gains position it for outperformance; XOM's integrated model weathers supply risks at $110 oil. Bullish on LMT, hold XOM amid escalating tensions.
Research · Apr 13, 2026
LMT vs. XOM: Iran Blockade Spikes Missile Demand — One Stock Wins Big
Trump's April 13 Iran port blockade boosts LMT's missile demand via $194B backlog, while XOM navigates supply risks with strong Permian/Guyana output. LMT eyes 2026 EPS jump to $30; XOM's FCF resilience caps downside. Bullish defense, neutral energy play.
Research · Apr 13, 2026
Oil Tops $100 on US-Iran Stalemate: XOM's $23B FCF Shines as SPY Faces Risk-Off
US-Iran talks stalemated on April 12, driving oil over $100 and pressuring futures, boosting XOM's valuation and LMT's backlog while SPY faces risk-off flows. XOM's $23.6B FCF and low debt position it for margin gains; LMT's 29.8% YTD run holds firm. Overweight energy/defense amid policy fog.
Research · Apr 13, 2026
Hormuz Blockade Threat Pushes Oil Toward $150 — XOM and LMT Up 30% YTD With More Upside
Trump's April 12 Strait of Hormuz blockade announcement threatens 20% of global oil flows, hitting XOM's Middle East assets but poised to drive crude toward $150. LMT benefits from defense ramp-up amid escalation, with both posting 28-30% YTD gains on cheap valuations. Bullish outlook as supply shocks outweigh near-term volatility.
Research · Apr 13, 2026
LMT Eyes 15% Upside as Hormuz Blockade Supercharges Its $194B Defense Backlog
Trump's April 12 Hormuz blockade threat after Iran talks fail risks 20% of global oil flows, supercharging LMT's $194B defense backlog while pressuring XOM's supply chains. LMT eyes 15% upside on missile ramps; XOM/USO neutral amid volatility. Bullish LMT, watch Navy orders and OPEC.
Research · Apr 13, 2026
LMT & NOC Surge on China-Iran Missile Warning — Is XLE the Casualty?
Trump's warning over China's alleged anti-air missiles to Iran heightens Middle East risks, positioning Lockheed Martin and Northrop Grumman for backlog growth amid record demand, while XLE grapples with oil volatility. LMT and NOC boast strong financials—$75B/$44B sales guidance, robust FCF—trading at reasonable multiples with 38-50% 1Y gains. Investors should favor defense over energy as U.S. aid ramps.
Research · Apr 13, 2026
Iran Talks Collapse: Can XOM, CVX, LMT, NOC Hold Their 25%+ YTD Gains?
JD Vance's announcement of collapsed 21-hour US-Iran talks in Pakistan on April 12 threatens the ceasefire, revitalizing oil supply risks and defense demand. XOM and CVX stand strong with 26-28% YTD gains and robust margins, while LMT and NOC's massive backlogs position them for growth. Bullish outlook as escalation premiums lift valuations.
Research · Apr 13, 2026
LMT, NOC: Collapsed Iran Talks After 21 Hours Signal Defense Spending Surge
JD Vance's April 12 announcement of failed 21-hour US-Iran talks in Pakistan threatens the ceasefire and Iran's uranium stockpile security, priming LMT and NOC for missile defense windfalls atop record backlogs and upbeat guidance. Despite recent dips, strong financials and geopolitical tailwinds warrant bullish positioning ahead of potential escalations.
Research · Apr 13, 2026
XOM Takes $1B+ Hit as US-Iran Talks Stall — What It Means for XLE and Energy Stocks
Reuters' April 11 report on US-Iran talks in Pakistan highlights key issues like Hormuz access, as XOM reveals $1B+ Q1 hits from Middle East disruptions affecting 20% of production. Energy stocks like XOM and XLE stand to gain from potential supply relief, while LMT's defense backlog faces de-escalation risks. Bullish shift to energy recommended ahead of Q2 finalization.