Lockheed Martin edges higher after $35 billion missile deal, shares in focus on NYSE

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-25, 18:02.

Lockheed Martin (US5398301094) has secured a long-term U.S. interceptor contract with a potential value of about $35 billion, according to recent market reports citing Pentagon documents and Washington briefings. The defense group’s shares trade on the NYSE under the ticker LMT, alongside other S&P 500 aerospace and defense names.

What the new contract covers

U.S. defense commentators report that the U.S. government has cleared a framework deal for Lockheed Martin to expand production of a new generation of missile interceptors, with the overall ceiling estimated at roughly $35 billion over the life of the program. The multi-year agreement is structured to ramp up output compared with earlier interceptor contracts, reflecting sustained demand for missile defense capabilities.

Industry coverage notes that the award strengthens Lockheed Martin’s position in the U.S. missile-defense architecture, where it competes with peers such as RTX and Northrop Grumman for major Pentagon programs. The framework value will translate into booked sales only as individual task orders are issued, meaning quarterly revenue recognition will depend on the pace of procurement and milestone achievements.

Analysts weigh earnings and valuation

On the analyst side, Zacks highlights that the consensus forecast for Lockheed Martin’s next quarterly earnings sits at around $7.09 per share, implying a modest year-on-year decline of roughly 3 percent, while revenue is projected at about $19.4 billion, up nearly 7 percent from the prior-year period. For the full fiscal year, Zacks data indicate expected earnings of roughly $29.9 per share on revenue of around $79.1 billion. The stock carries a Zacks Rank of #3 (Hold), with the forward P/E multiple recently cited around the high-teens. A separate market comment points to a recent fair-value assessment of approximately $625 per share and a fresh formal price target of $571, after Citi trimmed its target from $675 while reiterating a Neutral stance on the shares.

In intraday trading data compiled by independent quote services, Lockheed Martin shares recently changed hands near $506 on the NYSE, up close to 3 percent on the day, giving the group a market capitalization in the area of $112 billion. Technical-chart platforms show the stock around $511 at one point on June 25, with the price roughly 4 percent lower than a month earlier despite the positive day-to-day move. Over the past 52 weeks, quote data indicate a trading range from about $410 to roughly $692 per share.

How Lockheed Martin makes its money

Lockheed Martin generates the bulk of its revenue from defense and aerospace programs for the U.S. government and allied nations, with four major segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Flagship platforms include the F-35 fighter aircraft, various missile and air-defense systems and satellites, along with classified space and cyber contracts.

Where the shares trade today

The Lockheed Martin shares (US5398301094) trade on 2026-06-25, 11:01 on the NYSE at approximately 506.13 US dollars per share, according to consolidated quote data.

This article is for informational purposes only and does not constitute investment advice, investment recommendation or an invitation to buy or sell securities. Investors should conduct their own research and, where appropriate, consult a qualified financial advisor before making investment decisions.