Lockheed Martin highlights long-term backlog, shares supported by defense demand

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-27, 11:42.

Lockheed Martin (US5398301094) stands out in the US defense industry with a deep multi-year order backlog and inclusion in the S&P 500 index. The stock’s long-term profile is shaped by large programs with the US Department of Defense and allied governments, providing visibility on revenue streams.

Long-term contracts and backlog

Lockheed Martin generates most of its revenue from long-term defense contracts, primarily with the US government, which regularly accounts for around three quarters of annual sales. Major programs such as the F-35 fighter, missile defense systems and space platforms underpin a sizable backlog that stretches over several years.

According to a recent overview based on Nasdaq data, the company has reaffirmed its 2026 earnings guidance, signaling confidence in its ability to deliver on these programs. This guidance rests on continued demand for advanced defense technology and the practical need for fleet modernization among NATO members and other US allies.

Position in the defense sector

Lockheed Martin is listed on the NYSE under the ticker LMT and is a member of the S&P 500, placing it among the largest US companies by market capitalization. Within the defense peer group, it competes with companies such as Northrop Grumman and RTX, all of which derive substantial revenue from government contracts and export orders.

Market data from MarketBeat show that Lockheed Martin shares closed at 506.63 US dollars on the NYSE on 2026-06-26, with extended trading indicating a modest after-hours uptick. This price level reflects investors’ assessment of the long-term earnings power of the defense portfolio rather than short-term trading impulses.

The products behind the stock

Lockheed Martin’s business model revolves around the development and production of complex defense and aerospace systems, with the F-35 fighter aircraft as a flagship program. In addition to combat aircraft, the company supplies missile defense solutions, satellites and command-and-control systems for defense ministries and space agencies worldwide.

Where the shares trade today

The Lockheed Martin shares (US5398301094) trade on the NYSE under the ticker LMT, with the last closing price reported at 506.63 US dollars on 2026-06-26. MarketBeat data indicate a market capitalization in the large-cap range, consistent with its S&P 500 membership.

Disclaimer: This article provides factual information on the Lockheed Martin shares and does not contain investment advice or a recommendation to buy or sell securities.