What is Lockheed Martin's current backlog and what does it indicate about future revenue?

Lockheed Martin reported a record backlog of $230 billion as of H1 2026, representing the total value of awarded contracts not yet converted into recognized revenue. A backlog of that scale provides multi-year revenue visibility, since defense contracts typically span several years of deliveries, upgrades, and sustainment work. The record level reflects elevated international demand for F-35 aircraft, missile systems, and classified programs, compounded by ongoing geopolitical tensions that have prompted allied nations to accelerate procurement. However, a large backlog is a forward-looking indicator, not a guarantee: execution risk, cost overruns, congressional appropriations shifts, or program restructuring can affect how much of the backlog converts to revenue and at what margin. H1 2026 net earnings growth of 61.83% alongside H1 2026 revenue growth of 5.44% suggests the company has been converting existing backlog profitably, though past execution does not ensure the same outcome for future deliveries.

How does the F-35 program affect LMT's stock price?

The F-35 program is the single largest driver of Lockheed Martin's Aeronautics revenue, which is itself the company's largest segment, so contract updates, delivery rate changes, and program negotiations tend to generate meaningful stock reactions. Production lot agreements, international orders, or pricing disputes with the U.S. Department of Defense can all shift near-term earnings expectations and, by extension, the share price. Beyond direct revenue, the F-35 carries sustainment revenue over decades, because the DoD and allied air forces pay for maintenance, upgrades, and spare parts for the lifetime of each aircraft. Delays in production ramp-up or export approvals introduce uncertainty into both near-term deliveries and the long-run sustainment stream. Market participants tend to watch F-35 delivery numbers closely; any revision to annual delivery targets typically prompts re-rating of Aeronautics earnings estimates. The program's scale means it functions almost as a bellwether for the entire LMT investment thesis.

What is LMT's trailing P/E ratio and how does it compare to the broader defense sector?

Lockheed Martin's trailing price-to-earnings ratio stands at 22.42 as of mid-August 2026. For context within the defense sector, large-cap defense contractors have historically traded at modest P/E discounts to the broader S&P 500, reflecting their slower growth profiles and exposure to procurement cycle risk, though elevated geopolitical demand in recent years has compressed that discount. A trailing P/E of 22.42 is not unusually stretched for a defense prime by current market standards, and the PEG ratio of 1.04 suggests the market is pricing in earnings growth roughly in line with the valuation multiple, rather than demanding a significant premium for growth. That said, P/E comparisons across defense peers are sensitive to how each company books revenue on long-term contracts and whether one-time charges or settlements distort reported earnings in any given period. Investors and analysts typically complement trailing P/E with forward estimates and segment-level margin analysis when comparing Lockheed Martin to peers.

Why does Lockheed Martin have such a low beta, and what does that mean for traders?

Lockheed Martin's beta of 0.10 indicates that the stock has historically moved very little relative to broad equity market fluctuations. A beta near zero means LMT's price changes have been largely uncorrelated with general market swings, a characteristic common in defense primes whose revenue is tied to government contracts rather than consumer demand or economic cycles. For traders, a low beta implies that broad market rallies or sell-offs are unlikely to be the primary driver of LMT price moves. Instead, company-specific catalysts, such as contract awards, earnings releases, program updates, or shifts in congressional defense appropriations, tend to dominate price action. This also means LMT is less likely to behave like a high-momentum or risk-on asset. Traders using the CoinUnited LMT CFD should be aware that leverage amplifies price moves regardless of beta: even small absolute price changes are magnified at high leverage levels, and low beta does not mean low risk when positions are leveraged, as losses can exceed initial margin and trigger liquidation.

How do U.S. defense budget decisions impact LMT's earnings and stock performance?

U.S. defense appropriations are the foundational revenue source for Lockheed Martin, since the company derives the majority of its sales from the U.S. government. When Congress passes a defense budget above prior-year levels, it typically expands the pool of available contracts for procurement, sustainment, and research programs. Continuing resolutions, budget sequestration, or prolonged appropriations gaps can delay contract awards and compress near-term revenue recognition. Beyond top-line effects, budget decisions influence program priorities. A DoD emphasis on advanced air dominance, missile defense, or space systems directly benefits specific Lockheed segments, while deprioritization of a platform can slow deliveries and reduce margin. The company also generates international revenue, which is subject to Foreign Military Sales processes that require DoD and State Department approvals, themselves tied to the broader defense posture. Market participants tend to watch the annual National Defense Authorization Act, supplemental appropriations, and the DoD's Program Objective Memorandum as leading indicators of future contract flow for companies like Lockheed Martin.

What is the difference between trading LMT shares and trading an LMT CFD on CoinUnited?

Purchasing LMT shares on a stock exchange transfers legal ownership of equity in Lockheed Martin Corporation, conferring voting rights, dividend eligibility, and direct exposure to the company's long-term equity value. The CoinUnited LMT instrument is a Contract for Difference: it provides price exposure that tracks the underlying market, but it confers no shareholding, no voting rights, and no dividend entitlement. Several operational differences are also relevant. CoinUnited accounts are funded and withdrawn in crypto, requiring no traditional bank account. The CFD offers a maximum leverage of up to 800x, subject to product, jurisdiction, and account eligibility, which means a smaller capital outlay can control a much larger notional position. However, leverage amplifies losses proportionally and can trigger liquidation if a position moves against the trader. The session for this instrument follows a scheduled calendar and is closed at weekends and on market holidays; the precise hours and holiday schedule are displayed on the platform before trading. Fees are tiered by 30-day contract volume across nine VIP levels and are not zero at the standard tier; the full schedule is available at https://coinunited.io/en/account/trading-fees.

Does the CoinUnited LMT CFD pay dividends?

No. The CoinUnited LMT instrument is a CFD that tracks the price of Lockheed Martin shares; it does not confer ownership of the underlying equity and therefore carries no dividend entitlement. Holders of actual LMT shares listed on the NYSE receive any dividends Lockheed Martin declares, but CFD positions on CoinUnited do not replicate that cash distribution. Lockheed Martin has historically been a consistent dividend payer, and its dividend policy is part of the investment case for long-term shareholders in the equity market. Traders using the CoinUnited CFD are exposed only to price movements in the underlying, not to dividend income. This distinction matters when comparing the total return of holding physical shares versus holding a CFD position, particularly over longer holding periods where accumulated dividend payments can be meaningful relative to price appreciation.

What are the main program execution risks that could cause LMT's stock to underperform?

Cost overruns and schedule slippage on fixed-price development contracts are the most direct program execution risks for Lockheed Martin. When a contract is structured on a fixed-price basis, any cost increase above the contract ceiling is absorbed by Lockheed Martin rather than the government customer, compressing segment margins and, in severe cases, requiring charges against earnings. Programs of record involving advanced development, new propulsion systems, next-generation sensors, or novel integration work, carry the highest overrun probability because technical unknowns are large relative to the cost estimate at contract award. A second execution risk is supply-chain constraint. Lockheed Martin depends on a network of tier-one and tier-two suppliers for engines, electronics, and specialty materials. Delays or quality escapes at a key supplier can ripple through final assembly and affect delivery schedules, which in turn can push revenue recognition into later quarters than the market expects. With a $230 billion backlog as of H1 2026, the question the market scrutinizes is not whether orders exist, but whether the company can convert backlog to deliveries and revenue on schedule.

How do Foreign Military Sales (FMS) contracts affect Lockheed Martin's revenue pipeline?

Foreign Military Sales contracts, which route government-to-government arms transfers through the U.S. Department of Defense, represent a meaningful and structurally growing share of Lockheed Martin's revenue pipeline. Under FMS, a foreign government purchases equipment or services from the U.S. government, which in turn contracts with Lockheed Martin as the prime contractor. This structure gives Lockheed Martin a degree of demand visibility because the foreign government has already committed funds to the U.S. government before the production contract is placed. FMS activity tends to accelerate when allied governments perceive elevated security threats or when U.S. diplomatic priorities favor arming specific partners. Contracts covering F-35 aircraft, PAC-3 missile interceptors, and HIMARS rocket systems have all moved through the FMS channel for various allied nations. Because FMS awards are often announced publicly, they can function as a near-term positive catalyst for the share price even when production deliveries are years away. The $230 billion backlog recorded in H1 2026 reflects both domestic and foreign orders, with FMS contracts contributing to its durability.

What happened to LMT's net earnings in H1 2026, and why did they grow faster than revenue?

In the first half of 2026, Lockheed Martin reported net earnings growth of approximately 61.83%, while revenue grew approximately 5.44% over the same period. The disparity between the two growth rates indicates that margin expansion, rather than volume alone, drove the earnings improvement. Several factors can produce this pattern: favorable program mix shifting toward higher-margin production-phase contracts, reduced charges on previously troubled fixed-price programs, lower-than-expected effective tax rates, or gains from non-operating items such as pension adjustments. Investors and analysts typically examine whether such a gap between revenue growth and earnings growth is repeatable. If the earnings acceleration was driven by one-time items, a legal settlement, a pension gain, or a tax benefit, then the year-over-year comparison will be harder to sustain. If it reflects genuine operating leverage or margin recovery on maturing programs, the improvement may be more durable. The $230 billion backlog suggests the revenue base is well-supported, but the quality and mix of work converting from backlog will influence whether H2 2026 margins can hold near H1 levels.

How does Lockheed Martin compare to RTX Corporation (Raytheon) as a defense investment?

Lockheed Martin and RTX Corporation occupy different positions within the defense industrial base, making a direct comparison relevant for investors evaluating sector allocation. Lockheed Martin is concentrated in large platform programs, aircraft, missiles, and space systems, with the F-35 as its largest single revenue driver. RTX combines defense electronics and missile systems through its Raytheon segment with commercial aerospace exposure through Pratt & Whitney and Collins Aerospace, giving it a different mix of cyclical and defense revenue. From a valuation standpoint, both companies trade in the context of elevated defense budgets, but their earnings drivers differ. Lockheed Martin's trailing P/E of 22.42 and PEG ratio of 1.04, as of mid-August 2026, suggest the market is pricing in moderate growth at a reasonable premium relative to that growth rate. RTX's valuation reflects its more diversified revenue base, which adds commercial aerospace cyclicality as a variable. A comparison article available through Investing.com noted the divergence in capital efficiency and valuation metrics between the two companies, though specific conclusions about which represents superior value depend on an investor's own framework and time horizon.

What geopolitical events have historically caused the largest moves in LMT's stock price?

The largest discrete moves in LMT's share price have historically coincided with sudden escalations in military conflict, significant shifts in U.S. defense budget expectations, and major contract awards or cancellations. Conflict escalations, particularly those involving nations that purchase U.S. defense systems, tend to drive rapid upward re-ratings because they raise the near-term probability of follow-on orders and emergency supplemental funding. Conversely, ceasefires or diplomatic de-escalation events have at times produced short-term selling pressure as near-term demand expectations moderate. U.S. budget negotiations, including continuing resolutions and sequestration-related debates, have also driven meaningful moves because they directly affect the tempo of contract awards. On the positive side, large FMS announcements, where the U.S. government notifies Congress of a foreign arms sale, have historically produced single-session gains as investors extrapolate future production revenue. Given LMT's low beta of 0.10, its long-term price moves are relatively muted compared to the broader equity market, but geopolitical catalysts compress that characteristic compression and can produce outsized short-term volatility relative to the stock's usual trading range.

Can LMT's CFD be traded on weekends on CoinUnited?

No. The Lockheed Martin CFD on CoinUnited follows a scheduled trading session tied to the underlying equity market and is closed at weekends. This distinguishes it from cryptocurrency CFDs on the platform, which trade continuously. The LMT CFD also observes recognized market holidays, meaning additional session closures apply beyond the standard Saturday-Sunday gap. The specific session hours and holiday calendar are displayed on the platform before you place a trade, and it is advisable to review them, particularly around U.S. public holidays when equity markets close. This session structure has direct implications for position management. A trader holding an open LMT CFD position into Friday's close carries that position through the weekend without the ability to exit or adjust it on CoinUnited until the market reopens. Any news, earnings releases, geopolitical developments, contract announcements, or macro data, that emerges over the weekend will be reflected in the opening price, not in real-time. Understanding this constraint is part of basic position planning for this instrument.

What is weekend gap risk and why does it specifically matter for LMT CFD traders?

Weekend gap risk is the possibility that the price of an instrument opens materially higher or lower than it closed on Friday, with no tradeable prices in between. For the LMT CFD on CoinUnited, this is a concrete operational reality: the session closes at the end of the Friday equity trading session and does not reopen until Monday. Any news that breaks during those roughly 60 hours, a major contract award or cancellation, a geopolitical escalation, a regulatory announcement, or a broader market shock, will be absorbed entirely in Monday's opening print. For leveraged CFD positions, gap risk is amplified relative to an unleveraged position. A stop-loss order set below Friday's close does not guarantee execution at that price if the market gaps through it on the open. This means a position that appeared adequately protected on Friday can suffer a loss larger than the planned stop implied. LMT's low beta of 0.10 suggests it is historically less volatile than the broad market, but idiosyncratic catalysts specific to the defense sector, unexpected budget cuts, program terminations, or major international events, can produce gaps that are disproportionate to the stock's usual daily range. Sizing positions with the possibility of a gap in mind is a standard risk management consideration for any scheduled-session instrument.

How does leverage on the LMT CFD amplify both gains and losses?

The LMT CFD on CoinUnited carries a maximum leverage of up to 800x, subject to product terms, jurisdiction, and account eligibility. Leverage means a trader controls a notional position much larger than the capital actually posted as margin. For example, if a trader posts $1,000 as margin and uses 800x leverage, the notional exposure is $800,000. A 1% move in the underlying price produces an $8,000 change in the position value, representing an 800% gain or loss relative to the $1,000 margin posted. The arithmetic is symmetrical: favorable moves are magnified to the same degree as adverse ones. This amplification means that a relatively small adverse move in LMT's price can reduce margin to the point where the position is liquidated by the platform before the trader has an opportunity to add funds or close manually. Because LMT trades in a scheduled session and closes at weekends, a gap opening on Monday can push a position past its liquidation threshold before any adjustment is possible. Trading fees on the LMT CFD are tiered by 30-day contract volume across nine VIP levels and reach 0.000% only at VIP 9; at standard tiers, fees apply and compound across frequent round-trips. The full fee schedule is at https://coinunited.io/en/account/trading-fees.

What is the significance of LMT's PEG ratio of 1.04 for valuation assessment?

A PEG ratio of 1.04, as recorded by MarketBeat on 2026-08-18, places LMT very close to the threshold conventionally considered fair value, where a reading near 1.0 suggests the trailing P/E of 22.42 is roughly in line with expected earnings growth. Values below 1.0 are often read as potentially undervalued relative to growth; values materially above 1.0 as potentially stretched. At 1.04, the market is pricing in growth without applying a large premium. This reading carries specific context for LMT. The H1 2026 net earnings growth of 61.83% is substantially above the H1 2026 revenue growth of 5.44%, meaning margin expansion is doing significant work in the earnings line. If that margin expansion is non-recurring, growth rates in subsequent periods could revert, which would push the PEG higher in retrospect. The record $230 billion backlog supports long-run revenue visibility, but the PEG ratio is a point-in-time calculation sensitive to which growth estimate is used. Traders and analysts typically treat the PEG as one input alongside absolute P/E, free cash flow yield, and sector comparisons rather than a standalone signal.

How do quarterly earnings releases typically affect LMT's short-term price volatility?

Quarterly earnings releases are among the most concentrated sources of short-term price movement for LMT, because they update three variables the market monitors closely: segment revenue against backlog conversion expectations, operating margins relative to program-cost guidance, and full-year outlook revisions. When any of these deviates from consensus, the share price can move sharply in the session following the release. LMT's beta of 0.10 reflects low day-to-day sensitivity to broad market swings, but that figure averages across all sessions, including quiet ones. Earnings days are categorically different: the information arrival is discrete and rapid, and the stock can move in percentage terms that look large relative to its typical daily range. The H1 2026 results, revenue growth of 5.44% alongside net earnings growth of 61.83% and a record $230 billion backlog, demonstrated that positive surprises can reinforce sentiment meaningfully. Conversely, guidance cuts or charges on fixed-price contracts have historically produced sharp downside moves in the same compressed window. Traders holding the LMT CFD through an earnings release should account for this concentrated event risk, particularly given that the CoinUnited session follows a scheduled calendar; the session and holiday calendar are shown on the platform before you trade.

What role does AI integration in defense systems play in Lockheed Martin's long-term outlook?

Artificial intelligence integration in defense systems is increasingly relevant to Lockheed Martin's competitive positioning, spanning areas such as autonomous mission planning, sensor fusion in platforms like the F-35, predictive maintenance, and next-generation command-and-control software. These capabilities are relevant to how the company competes for future contracts beyond its current backlog and how it defends margins on programs where software content is growing as a proportion of total program value. The $230 billion backlog as of H1 2026 largely reflects contracts awarded under existing program architectures, so AI-related revenue is more a medium- and long-term variable than a near-term earnings driver. The practical financial impact will depend on how defense procurement agencies incorporate AI requirements into future solicitations, whether Lockheed wins those awards, and whether AI-enabled capabilities allow the company to manage costs on fixed-price contracts more effectively. These remain qualitative factors rather than items with precise near-term financial guidance attached to them. Traders should distinguish between the structural long-run narrative around AI in defense and the near-term earnings drivers, which remain legacy programs, backlog conversion, and margin execution.

How are trading fees calculated on the CoinUnited LMT CFD, and where can I find the current rate?

Trading fees on the CoinUnited LMT CFD are calculated as a percentage of contract value and are tiered by 30-day contract volume across nine VIP levels. The standard tier carries a fee that is not zero; the 0.000% rate applies only at VIP 9, which requires either a 30-day volume of 20,000,000,000 USDT or an account balance of 200,000,000 USDT. Higher volume or balance levels therefore reduce the per-trade cost, but lower tiers are subject to a positive fee rate. Because the fee schedule can be updated, the current rate for your specific tier is displayed on the platform itself and is not stated as a fixed percentage here, any figure written into a static document would become stale at the next schedule revision. The full, current tiered schedule is published at https://coinunited.io/en/account/trading-fees, which is the authoritative reference for the rate applicable to your account at any given time. Before opening or closing a position in the LMT CFD, reviewing that schedule alongside the leverage specification, up to 800x is available on this instrument, subject to product, jurisdiction, and account eligibility, with leverage amplifying both gains and losses and carrying liquidation risk, is part of understanding total transaction cost.

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LMTLockheed Martin Corporation

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Position Size (USD)Leverage

Margin Required

$10.00

P&L if LMT moves

+1%+$10.00

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LMTLockheed Martin Corporation · 800xTrade LMT Now

Lockheed Martin Corporation

LMT

$505.94

+0.03% (24h)

StocksTier CTradeable on CoinUnited.io800x Leverage

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Today's SignalNext earnings2026-10-19Latest quarter revenue$20.06BQ2 2026Gross margin12.2%Q2 2026

How can you trade Lockheed Martin Corporation? Lockheed Martin Corporation (LMT) is publicly listed. On CoinUnited, eligible users can trade a LMT stock CFD — price exposure that tracks the share price. It is a price CFD, not equity (no shareholder voting; dividends reflected as an adjustment) — with leverage, from US$100. Access terms vary by jurisdiction and product eligibility.

How to trade it

Trading stock CFDs on CoinUnited + strategy

Trading Regime Status

Leverage

800x

(Max on CoinUnited.io)

Volatility

Low

(1.80% 24h)

How the LMT CFD works

Before you trade, understand exactly what you get, what you don't, and where the risk sits.

What you buy

Price exposure to the LMT reference (a synthetic CFD) that tracks the CoinUnited reference up and down.

What you do NOT get

It is not equity: no shares, no voting rights; dividends are reflected as an adjustment, not paid to you.

Basis / session risk

The CoinUnited reference tracks the share price but can differ from the exchange price; extended-hours liquidity is thinner.

Leverage illustration: with $100 margin at 800× leverage you open a $80,000 notional position; if price moves against you to the liquidation level the position is force-closed. High leverage magnifies both profit and liquidation risk.

Trading conditions on CoinUnited

Fee schedule as of 2026-08-19

Product type	CFD	Synthetic price exposure. You do not hold the underlying asset.
Trading fee	0.070%	Per side, at the standard tier. Falls with 30-day volume and reaches 0.000% at VIP 9.
Trading hours	Market session	Follows the market session and is closed at weekends and on market holidays.
Leverage — intraday	800x	During active trading hours. Requires 0.063% margin at the smallest position size. Availability and the maximum depend on product, jurisdiction and account eligibility; leverage amplifies losses and positions can be liquidated.
Leverage — overnight	10x	For a position held beyond the trading day. Requires 5.000% margin at the smallest position size.
Leverage — weekends & holidays	10x	For a position held through a market closure. Requires 5.000% margin at the smallest position size — check your position size before carrying it into a weekend.
Direction	Long or short	Take a position in either direction. A short position profits when the price falls and loses when it rises.
Funding	Crypto deposit	Fund and withdraw in crypto. No bank transfer or card is required.

See the full fee schedule →

Trading LMT CFDs on CoinUnited.io: Mechanics, Leverage, and Risk

The CoinUnited LMT instrument is a Contract for Difference (CFD) that delivers price exposure to Lockheed Martin shares without transferring any ownership of the underlying stock. Profit and loss equal the change in LMT's price multiplied by the notional position size, settled in crypto. No shares are purchased or held.

The position confers no voting rights, no shareholder status, and no dividend entitlement. Because gains and losses are settled in cryptocurrency rather than U.S. dollars, traders carry an additional currency-conversion consideration that does not arise in a conventional equity brokerage account.

How Leverage Works on This Instrument

The maximum leverage available on the CoinUnited LMT CFD is 800x, subject to product, jurisdiction, and account eligibility conditions. Leverage amplifies both gains and losses by the same factor; it does not distinguish between favorable and adverse price moves.

The relationship is straightforward: margin posted multiplied by the leverage multiple equals notional exposure. A position's profit or loss is calculated on the notional amount, not on the margin.

Variable	Value
Margin posted	$1,000
Leverage multiple	800x
Notional exposure	$800,000
1% price move (gain or loss)	$8,000
Margin at risk as % of notional	0.125%

At 800x leverage, a move of approximately 0.125% against the position eliminates the posted margin entirely, triggering liquidation. This arithmetic is symmetric: the same move in the trader's favor produces an equivalent gain.

The compressed liquidation threshold at maximum leverage leaves almost no room to absorb normal intraday fluctuation. Recent pulse data illustrates this concretely: on 21 September 2026, LMT's intraday range alone was $7.20 ($530.48–$537.68), and in late September the session low touched $511.12 — moves that can represent substantial margin swings even at moderate leverage multiples.

Worked Example

Consider a hypothetical $500 margin position opened at 200x leverage, well within the instrument's 800x ceiling and illustrative of a more conservative leverage selection.

Notional exposure: $500 × 200 = $100,000
LMT price moves +2%: gain = $100,000 × 0.02 = $2,000 (400% return on margin)
LMT price moves −0.5%: loss = $100,000 × 0.005 = $500 (full margin lost; liquidation threshold approached)

At 200x, a 0.5% adverse move exhausts the margin. At 800x, that threshold falls to 0.125%. These figures are not hypothetical edge cases — LMT's recent intraday swings confirm that moves of that magnitude are routine. Traders using elevated leverage on a low-beta name can face rapid liquidation from ordinary price fluctuation, not only from shock events.

Trading Session and Weekend Gap Risk

The LMT CFD follows a scheduled trading session aligned with U.S. equity market hours. It is closed on weekends and on U.S. market holidays. The session schedule and applicable holiday calendar are displayed on the platform before any trade is opened.

Traders holding positions into Friday's close are exposed to weekend gap risk. LMT's price can open materially higher or lower on Monday in response to news that emerges when the market is closed and when the position cannot be adjusted. Relevant catalysts include contract awards, geopolitical events, F-35 program updates, and earnings guidance revisions.

September 2026 alone has seen multiple billion-dollar contract announcements — a $1.2B U.S. Army PrSM missile award on 21 September, approximately $1.02B in U.S. Navy and missile defense contracts on 29 September, and an $871.2M F-35 modification on 18 September — any of which arriving over a weekend would create a sharp gap on the Monday open.

The defense and aerospace M&A and contract surge theme illustrates how sector-level news can reprice individual names sharply between sessions.

Earnings Events as a Concentrated Volatility Source

Lockheed Martin reports quarterly, and results relative to consensus can produce single-session moves that exceed normal daily ranges.

The Q2 2026 result is instructive: EPS of $7.94 beat consensus by approximately $0.74 (~10%), revenue of $20.06 billion beat estimates by roughly $730 million, and the company raised full-year 2026 guidance to an $80.75 billion midpoint — approximately 2% above prior street estimates. LMT rose +4.69% on the day, with an intraday range of $512.47 to $558.54.

Net earnings for the quarter reached $1.836 billion, up from $342 million in Q2 2025.

Events of that magnitude, relative to expectations, can gap a stock significantly on the open following the announcement. At elevated leverage, the asymmetry is severe: a 50x long entered near the session low on earnings day captured substantial margin returns, while a high-leverage short opened pre-earnings near $515 faced liquidation at the intraday high.

Traders should verify earnings dates via the platform or a financial calendar before holding leveraged positions through a reporting period. The themes on earnings miss and revenue shock and Q2 Earnings Miss: Multi-Sector Repricing document how earnings-driven dislocations can extend beyond the individual stock to the broader sector.

Position Sizing Discipline for a Low-Beta Defense CFD

LMT's beta is 0.10, meaning its typical co-movement with the broader market is compressed. Routine daily moves are generally smaller than those seen in technology or crypto assets. This characteristic may tempt traders to apply higher leverage to compensate for lower expected volatility — a common error in low-beta CFD trading.

The risk is that LMT's idiosyncratic volatility, driven by contract awards, program cancellations, budget announcements, and earnings, can produce outsized single-session moves that are entirely unrelated to broad market direction.

September 2026 alone saw the $1.2B Army PrSM contract (21 September), the $871.2M F-35 modification (18 September), and approximately $1.02B in Navy and missile defense awards (29 September). Each of these announcements carried the potential to move the stock sharply.

At elevated leverage, even a modest adverse move on notional exposure translates into a large drawdown on margin, and competitive dynamics in the sector — such as a rival securing a major award — can drive rapid single-session declines.

Position sizing should account for the instrument's event-driven risk profile, not only its average daily movement.

Fees

CoinUnited charges a trading fee on this instrument; the standard tier is not zero. Fees are tiered by 30-day contract volume across nine VIP levels, reaching 0.000% only at VIP 9. The applicable rate is rendered live on the platform and at coinunited.io/en/account/trading-fees.

No specific percentage is stated here because the live schedule is the authoritative reference and a figure written into static prose will not remain current.

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Key facts & how to trade

The essentials + how you access it on CoinUnited

Access & Tradability Comparison

A CoinUnited stock CFD vs holding the underlying shares — how, when, and in what form you get exposure. The stock price is everywhere; this comparison is the differentiator.

Terms	CoinUnited (CFD)	Holding shares (exchange)
Product form	Stock CFD (price exposure)	Equity ownership
Trading hours	Market session	Exchange regular hours
Leverage	Available (by product terms)	None / margin account needed
Shareholder rights	None (no voting; dividends as adjustment)	Voting + dividends
Access	Eligible users, by region + product	Brokerage account required

*Access and minimum vary by jurisdiction and product eligibility.

Key Facts

The most-cited facts about this company, each with its source — the quick-reference box for readers and AI answer engines.

Primary source: Wikidata

Founded	1995
Headquarters	Bethesda
CEO	James D. Taiclet
Industry	information security, weapons industry, aerospace industry
Listing status	Publicly listed: LMTExchange
Market cap	$120B (as of 2026-09-27)CoinUnited reference x SEC shares
P/E	~24.2CoinUnited reference / SEC annual EPS
52-week range	$437.50 – $691.37CoinUnited daily kline
Next earnings	2026-10-19Finnhub
CoinUnited product	Stock CFD — price exposure, not equity (no voting; dividends reflected as adjustment); leverage availableCoinUnited product terms

Price & Market Structure

24H Range: $498.705→$507.795

24H Low

$498.705

24H High

$507.795

BID / ASK

$505.65 / $506.23

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Company & financials

Business model + audited SEC financials

What Is Lockheed Martin Corporation (LMT)?

TL;DR

Lockheed Martin Corporation (LMT) is the world's largest defense contractor by revenue, with a record $230 billion backlog and a trailing P/E of 22.42, offering traders structured exposure to U.S. and allied defense procurement cycles through a CFD on CoinUnited.

Lockheed Martin Corporation is the world's largest defense contractor by revenue, headquartered in Bethesda, Maryland, and organized into four primary business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

The company was formed through the 1995 merger of Lockheed Corporation and Martin Marietta, consolidating two of the United States' most prominent aerospace and defense franchises into a single entity that today dominates global defense procurement.

Business Segments and Revenue Architecture

The four segments address distinct areas of the defense and aerospace market.

Aeronautics is the largest revenue contributor, anchored by the F-35 Lightning II multi-role fighter, the most expensive weapons program in U.S. history. In fiscal 2025, the F-35 accounted for approximately 27% of Lockheed Martin's consolidated net sales and roughly 67% of Aeronautics segment sales.

The segment also includes the F-16, with international customers representing about 36% of Aeronautics revenue in 2025. An $871.2 million F-35 program modification awarded in September 2026 added incrementally to the aeronautics backlog and multi-year revenue visibility.

Missiles and Fire Control (MFC) covers precision munitions, tactical missiles, and fire control platforms, including HIMARS, THAAD, JASSM, LRASM, and GMLRS. MFC has been the fastest-growing segment in recent periods: Q2 2026 revenue reached $4.1 billion, up 19% year-over-year, with operating profit rising 24% over the same period.

International customers represented approximately 29% of MFC sales in 2025. In July 2026, the U.S. Army awarded Lockheed Martin up to $58.62 billion for PAC-3 Patriot missiles — the largest such contract ever — covering FY2026–2032 and targeting a tripling of production from 600 to 2,000 missiles per year. A $1.2 billion U.S.

Army PrSM missile contract followed in September 2026, continuing the company's sustained defense contract win streak.

Rotary and Mission Systems (RMS) includes helicopters, notably the Black Hawk through Sikorsky, combat ship systems including the Canadian Surface Combatant program, and integrated warfare sensors and surveillance platforms. International customers accounted for around 34% of RMS revenue in 2025.

Space handles satellite systems, strategic missile defense, and programs including Next Generation Interceptor (NGI), Fleet Ballistic Missile (FBM), and Orion, with sales growth driven by rising demand for space-based national security capabilities.

Financial Scale

In fiscal 2025, Lockheed Martin reported approximately $75.0–75.1 billion in net sales, $7.7 billion in operating income, and $5.0 billion in net income, with cash flow from operating activities of $8.6 billion.

For Q2 2026, the company reported revenue of approximately $20.06 billion (+3.8% beat versus consensus) and GAAP EPS of $7.94 (+10.3% beat), with full-year 2026 guidance raised to an $80.75 billion midpoint — roughly 2% above prior street estimates.

The company's order backlog reached a record $230 billion as of H1 2026, providing multi-year revenue visibility across all four segments, a scale consistent with landmark contract wins across the defense sector.

Recent contract awards continue to reinforce that backlog. A $2.99 billion Sentinel A4 radar production and engineering services award was announced in July 2026, followed in August 2026 by a $211.7 million sole-source THAAD sustainment modification for UAE batteries. In September 2026, Lockheed Martin secured approximately $1.02 billion in new U.S.

Navy and missile defense contracts, alongside Sweden's $729 million missile contract expanding the company's international defense backlog.

Bloomberg reported in August 2026 that required upgrades pushed total F-35 acquisition costs from $485 billion to approximately $536 billion, illustrating the program's lasting financial weight for both Lockheed Martin and its government customers.

Market Identity and CoinUnited Instrument

As of September 2026, Lockheed Martin carries a market capitalization of approximately $129.9 billion, with the stock classified within the Industrials sector under Aerospace & Defense and as a component of the S&P 500.

Its low beta of 0.10 reflects historically muted correlation with broad equity market moves, a characteristic relevant to portfolio positioning in volatile conditions, discussed further in the 2026 Stocks Market Outlook.

On CoinUnited, LMT is available as a contract for difference (CFD). This instrument provides price exposure to LMT's market movements without conferring any shareholding, voting rights, or entitlement to dividends.

Traders can access up to 800x leverage on this instrument, though available leverage and the applicable maximum depend on product, jurisdiction, and account eligibility — and higher leverage significantly amplifies the risk of liquidation.

The CFD follows a scheduled trading session; it is closed on weekends and observes market holidays. Weekend gap risk is therefore a genuine consideration: price can open materially higher or lower than Friday's close, with no opportunity to act in between. The precise session calendar and holiday schedule are displayed on the platform before any position is opened.

Trading fees apply at the standard tier and are tiered by 30-day contract volume across nine VIP levels, reaching 0.000% only at VIP 9; the full fee schedule is available at coinunited.io/en/account/trading-fees.

Last updated: 2026-09-30

Key Insights

LMT's $230 billion backlog as of H1 2026 represents approximately 1.8 years of revenue coverage at current run rates, providing earnings visibility that distinguishes it from most industrial-sector peers and supports its premium valuation.
With a beta of 0.10, LMT exhibits near-zero correlation to broad equity market swings, making it a structurally distinct instrument compared with technology or consumer stocks, a characteristic relevant to portfolio-aware traders.
H1 2026 net earnings growth of 61.83% against revenue growth of 5.44% signals meaningful margin expansion, a pattern that warrants scrutiny of program mix, cost controls, and the sustainability of the gap between top-line and bottom-line trajectories.
A PEG ratio of 1.04 suggests the market is pricing LMT's growth at near-fair value relative to earnings expectations, leaving limited room for multiple expansion absent a material upward revision to the earnings outlook.
Defense contract awards tied to missile systems, advanced aircraft, and hypersonic programs position LMT at the intersection of the broader defense-AI convergence theme, as autonomous systems and AI-assisted targeting increasingly appear in procurement language.

Key Financials

Audited · SEC filings

Reported figures from the company’s latest SEC filings — each linked to its source filing and period.

$20.06B

Quarterly revenue

Q2 2026 · SEC 10-Q

$1.84B

Net income

Q2 2026 · SEC 10-Q

12.2%

Gross margin

Q2 2026 · SEC 10-Q

$7.94

Diluted EPS

Q2 2026 · SEC 10-Q

Quarterly revenue

$22B

$19B

$17B

$17.96BQ1 2025

$18.16BQ2 2025

$18.61BQ3 2025

~$20.32BQ4 2025

$18.02BQ1 2026

$20.06BQ2 2026

~ Q4 is not filed as a standalone quarter — it is the annual 10-K figure minus the three filed quarters.

Figures are from the company’s audited SEC filings; each carries its filing source and period. Not investment advice.

Machine-readable table — same figures, per-metric source

Metric	Value	Source
Quarterly revenue (Q2 2026)	$20.06B	SEC 10-Q
Net income (Q2 2026)	$1.84B	SEC 10-Q
Gross margin (Q2 2026)	12.2%	SEC 10-Q
Diluted EPS (Q2 2026)	$7.94	SEC 10-Q

LMT vs. Peers: Market Position in Aerospace & Defense

Lockheed Martin is the largest U.S. defense contractor by revenue, a position supported as of September 2026 by $75.0 billion in FY2025 net sales, a record $230.4 billion backlog, and a business model concentrated entirely on defense and national security, with no commercial aviation exposure to dilute margins or introduce cyclical risk.

Peer Comparison: Scale and Backlog

The U.S. defense prime contractor peer group, LMT, RTX Corporation, Northrop Grumman, General Dynamics, and Boeing, differs significantly by revenue scale, program mix, and backlog composition. The table below provides a snapshot as of Q2 2026 reporting.

Company	Total Backlog (Q2 2026)	Defense Share of Backlog	Approx. Backlog / Annual Sales
Lockheed Martin	$230.4 billion	~100%	~3×
RTX Corporation	$289 billion	$119B of $289B (~41%)	~3×
General Dynamics	$186.9 billion	Predominantly defense	Not specified
Boeing	Not available	Minority of total	N/A

RTX holds the largest total backlog among U.S. primes at $289 billion, up 22% year-over-year through Q2 2026, but $170 billion of that figure is civil aviation, a commercial aerospace exposure that LMT carries none of.

LMT's $230.4 billion backlog is composed entirely of defense programs: Missiles and Fire Control leads at $87.9 billion, followed by Aeronautics at $54.4 billion, Rotary and Mission Systems at $48.5 billion, and Space at $39.7 billion. That backlog has continued to grow through September 2026, supported by a sustained stream of contract wins including a $1.2 billion U.S.

Army PrSM missile award in September, an $871.2 million F-35 modification adding incrementally to aeronautics backlog, a $729 million Swedish missile contract expanding international visibility, and approximately $1.02 billion in additional U.S. Navy and missile defense awards announced on September 29, 2026.

General Dynamics' $186.9 billion total backlog, $136.5 billion firm plus $50.4 billion potential contract value, is the most direct scale reference for a purely defense-focused comparison, though General Dynamics' program mix skews more toward naval construction and business jets than LMT's aircraft, missile, and space portfolio.

Northrop Grumman faced a meaningful setback in this period: the $20 billion Navy aviation contract awarded in late September went to Boeing rather than NOC, a competitive loss of the scale that can drive material single-session price moves.

Boeing: An Asymmetric Comparison

Boeing is LMT's most visible aerospace peer by name recognition, but the comparison carries important asymmetries. Boeing's defense revenues represent a smaller portion of its overall business, and the company has faced sustained operational and financial headwinds tied to its commercial aviation segment.

The $20 billion Navy contract awarded to Boeing in September 2026 is one of the largest military aviation awards in recent memory, reinforcing its defense ambitions, but commercial aerospace exposure remains a structural distinction from LMT's model.

LMT's purely defense-focused model insulates it from commercial aviation cycles and the liability overhang that has weighed on Boeing's financial profile. Traders seeking relative-value positions across the two business models can access price exposure to The Boeing Company directly on CoinUnited.

Valuation Context

LMT's Q2 2026 results provided a firm earnings foundation for current multiples: revenue of approximately $20.06 billion beat consensus by roughly $730 million (+3.8%), and GAAP EPS of $7.94 beat by $0.74 (~10%). Full-year 2026 guidance was raised to an $80.75 billion midpoint, approximately 2% above prior street estimates.

Analyst consensus price targets of $550–$740 as of late July 2026 reflect the improved revenue outlook following that guidance raise.

LMT's low beta reflects minimal correlation with broader equity market moves, a characteristic common to defense primes with government-contract revenue bases. The U.S.

Army's award of up to $58.62 billion for PAC-3 Patriot missiles, the largest such contract ever, covering FY2026–2032 and targeting production expansion from 600 to 2,000 missiles per year, represents a structural step-change in LMT's Missiles and Fire Control revenue outlook that the market is still pricing in.

RTX's valuation offers a useful cross-check: if RTX's premium is sector-wide, driven by the same global missile replenishment cycle, it suggests the macro defense procurement environment rather than LMT-specific factors is the primary driver of current multiples.

If LMT's multiple remains tighter than RTX's despite comparable backlog coverage ratios, it may reflect the market pricing in F-35 program concentration, approximately 27% of FY2025 consolidated sales, as a program-specific risk.

Competitive Differentiation: AI, Autonomy, and Systems Integration

Beyond scale and backlog, competitive positioning in U.S. defense is shifting toward AI-assisted systems, autonomous platforms, and advanced sensors. Contractors with deep classified program relationships and proven systems-integration capabilities hold a structural advantage over pure hardware manufacturers as procurement priorities modernize.

LMT's presence across all four capability domains, advanced aircraft, precision munitions, rotary and mission systems, and space, positions it as an integration prime rather than a single-domain supplier. This structural shift is part of the broader mega-corp AI and defense deal wave reshaping procurement priorities across the sector.

For traders comparing LMT against peers, the key variables to monitor are relative backlog growth rates, F-35 delivery cadence versus RTX missile program ramp, international contract momentum such as the Sweden award, and any shifts in Department of Defense budget allocations between platform categories.

LMT's trading session follows scheduled market hours and is closed at weekends and on market holidays, meaning weekend gap risk is a genuine consideration when significant contract announcements, geopolitical developments, or earnings guidance shifts occur outside of trading hours.

These factors can drive meaningful divergence in sector returns even when macro defense spending trends are broadly positive.

Why Trade LMT? Price Drivers, Catalysts, and Risk Factors

LMT's price reflects a relatively narrow set of identifiable drivers, defense-budget policy, program execution, and geopolitical demand cycles, making it a structurally different trading vehicle from broad equity indices or growth-oriented technology stocks. Understanding those drivers, and the risks that can override them, is the foundation of any position framework for this name.

Primary Price Driver: Defense-Budget Visibility

Lockheed Martin's revenue is almost entirely determined by government appropriations. U.S. Congressional defense budgets, NATO member spending commitments, and Foreign Military Sales (FMS) authorizations collectively determine the pace at which contracts are awarded and backlog is converted to recognized revenue.

As of Q2 2026, the company reported a record backlog of $230.4 billion, with management raising full-year 2026 guidance to an $80.75 billion midpoint, approximately 2% above prior street estimates at the time of reporting. That level of forward earnings visibility is unusual among large-cap equities and underpins the market's willingness to sustain a premium multiple.

September 2026 has continued to demonstrate the pace at which that backlog builds: LMT secured approximately $1.02 billion in new U.S. Navy and missile defense contracts on September 29, followed by a $1.2 billion U.S. Army PrSM missile contract on September 21, and an $871.2 million F-35 modification on September 18.

These awards extend a streak of billion-dollar contract wins that has characterized the full year. Sweden's $729 million missile contract in early September further illustrates the international FMS dimension of demand.

The largest single anchor in the portfolio remains the U.S. Army PAC-3 Patriot missile contract awarded in July 2026, valued at up to $58.62 billion covering FY2026–2032, and targeting a tripling of production from 600 to 2,000 missiles per year. That single award is arguably the most consequential long-duration cash flow event in the company's recent history.

Practically, budget continuations, sequestration threats, or material shifts in Congressional defense topline are the macro policy events most likely to reset LMT's price trajectory.

Earnings Catalysts and Valuation Sensitivity

Q2 2026 results delivered a significant positive surprise: GAAP EPS of $7.94 beat consensus by approximately $0.74, or roughly 10%, while revenue of $20.06 billion beat estimates by approximately $730 million. The print drove a single-session move of more than 5%, with an intraday range spanning $512.47 to $558.54.

Management raised full-year 2026 guidance to $79.75–$81.75 billion in sales and $29.95–$30.65 in EPS following those results.

A PEG near 1.0 means the stock carries limited valuation cushion — it is neither obviously cheap nor expensive relative to expected growth — and so quarterly earnings outcomes relative to consensus carry disproportionate weight. The magnitude of the Q2 beat and the subsequent guidance raise have reset the bar for Q3, making the next reporting window a high-stakes catalyst.

For traders, quarterly reporting dates are the most reliable catalyst windows. The Diversified Sector Earnings Beat Wave theme on CoinUnited tracks how multi-sector earnings dynamics intersect with price action across industrials and defense names.

Beta and Correlation Profile

LMT's beta is among the lowest in the large-cap universe, meaning the stock's daily price movements have historically shown minimal correlation with broad equity-market risk-on/risk-off sentiment. The practical implication is direct: LMT is a poor vehicle for expressing macro equity views.

It responds primarily to idiosyncratic catalysts — contract awards, program reviews, earnings prints, and geopolitical events that shift procurement timelines — rather than to Federal Reserve signals, broad index moves, or liquidity conditions that drive high-beta names.

Traders should calibrate position sizing accordingly. Low beta reduces portfolio-level market risk but concentrates exposure to event-driven, company-specific outcomes. September 2026's intraday range of $7.20 on the day of the PrSM contract announcement illustrates how contract-driven moves can be sharp and asymmetric even within a structurally low-volatility name.

Program Execution Risk

LMT's contract structure introduces structural margin risk. Fixed-price development contracts, prevalent across the portfolio, require the company to absorb cost overruns when program execution falls short of estimates. Investor attention regularly returns to F-35 production rates and sustainment contract negotiations with the Pentagon as the clearest proxies for this risk.

The F-35 program remains on a stable production cadence, with the $871.2 million modification awarded in September 2026 adding incrementally to the Aeronautics backlog and multi-year revenue visibility. Whether the H1 2026 margin expansion — evidenced by strong net earnings growth on moderate revenue growth — is durable or program-specific remains a live analytical question.

Traders should monitor segment-level operating margins in each quarterly filing, particularly within Aeronautics and MFC, where fixed-price structures are most common.

The F-16 program adds a secondary execution variable, and the Sentinel A4 radar production contract worth approximately $2.99 billion, awarded in July 2026 with completion targeted for June 2031, introduces additional multi-year delivery schedule risk that warrants monitoring.

Geopolitical Demand Cycles and Downside Scenarios

Geopolitical escalation — active conflicts in Europe, the Middle East, and the Indo-Pacific — compresses the normal lag between budget authorization and contract award, accelerating the pace at which backlog grows and revenue is recognized. The September 2026 contract awards across missile defense, naval systems, and international FMS demonstrate that this compression remains active.

The Drone Imaging & Defense Tech Breakout and Defense, AI & Rare Earth Mega-Partnership Wave themes on CoinUnited track adjacent procurement and technology catalysts that tend to correlate with LMT's order flow.

The principal downside scenario is a sustained reduction in geopolitical tension combined with a U.S. defense budget sequestration event. In that environment, procurement timelines extend, FMS authorizations slow, and the rate of backlog conversion decelerates — all of which would pressure forward earnings estimates and likely compress the valuation multiple simultaneously.

Risk Summary Table

Risk Factor	Direction	Mechanism
U.S. defense budget sequestration	Bearish	Reduces contract awards; slows backlog conversion
Fixed-price contract cost overruns	Bearish	Compresses segment operating margins
F-35 sustainment renegotiation	Bearish	Reduces long-term Aeronautics profitability
Earnings miss vs. consensus	Bearish	Elevated post-Q2 bar leaves limited cushion
Competitive contract losses	Bearish	Can drive sharp single-session declines
Geopolitical escalation	Bullish	Accelerates procurement timelines; expands FMS
Emergency funding authorizations	Bullish	Accelerates interceptor and munitions contracts
Backlog conversion above guidance	Bullish	Raises EPS estimates and price targets

Positions in LMT via CFD on CoinUnited can carry leverage up to 800x, subject to product, jurisdiction, and account eligibility — which amplifies both favorable and adverse price moves, and carries the risk of liquidation.

A material earnings miss or program-level margin warning can produce sharp single-session moves even in a low-beta stock, and leverage can accelerate losses to liquidation before a recovery.

LMT follows scheduled trading sessions and is closed at weekends and on market holidays. Weekend gap risk is therefore a genuine consideration: news that breaks when the market is closed — a contract announcement, geopolitical development, or policy shift — can produce a significant gap at the Monday open, with no opportunity to adjust or exit a position in the interim.

Traders should factor session hours and upcoming holiday schedules into their position management accordingly. Trading fees are tiered by 30-day contract volume; review the full fee schedule before entering positions.

Valuation & peers

Multiples vs peers + third-party analyst targets

Peer Valuation Comparison

How this stock trades versus comparable listed companies on trailing valuation multiples.

Company	Market cap	P/E	P/S
Lockheed Martin Corporation · LMT	$119.9B	19.1x	1.6x
Deere & Company · DE	$186.4B	38.3x	3.9x
The Boeing Company · BA	$156.5B	74.2x	1.7x
Parker-Hannifin Corporation · PH	$123.4B	33.9x	5.7x
Automatic Data Processing, Inc. · ADP	$105.4B	24.0x	4.8x
Trane Technologies plc · TT	$100.0B	34.3x	4.5x

Third-party ratios (FMP), trailing twelve months. Multiples vary by data window; a negative or absent P/E means the company is loss-making. Not investment advice.

Analyst Price Targets

Buy

Wall Street sell-side analysts’ consensus 12-month price target and rating for this stock.

Consensus target

$644.86+24.2%

Target range

$575.00 – $700.00

Price-target coverage

6 analysts

Analyst ratings (37)

Buy 22Hold 14Sell 1

Targets by firm

Latest target from each of the 7 firms whose call was reported in the past 180 days. Each row links to the report.

Firm	Target	vs current
UBS2026-09-08 · StreetInsider	$674.00	+29.8%
Wells Fargo2026-07-27 · TheFly	$600.00	+15.6%
Robert W. Baird2026-07-24 · TheFly	$700.00	+34.8%
Morgan Stanley2026-07-24 · TheFly	$690.00	+32.9%
Jefferies2026-06-25 · TheFly	$575.00	+10.8%
Susquehanna2026-04-24 · TheFly	$700.00	+34.8%
RBC Capital2026-04-24 · TheFly	$575.00	+10.8%

Source: aggregated sell-side analyst consensus · as of 2026-09-27. These are third-party analyst opinions — not CoinUnited’s view, not a price prediction, and not investment advice.

Scenario calculator

Pick a third-party reference level and see what it implies at leverage. Reference levels only - not a CoinUnited forecast.

Scenario price

$505.94

+0.0% vs current

Your margin (USD)Leverage

Position size $100,000.00

P&L at this scenario (long)

+$0.00

Loss if liquidated -$1,000.00 (the full margin)

Liquidation price (long): $500.88 — a move of -1.0%

Trade LMT Now

Simplified: excludes fees, funding and slippage. Reference levels are third-party marks (CoinUnited daily kline; aggregated sell-side analyst targets), not forecasts. Leverage magnifies losses as much as gains - at high leverage a small adverse move liquidates the position. Not investment advice.

Catalysts & news

Dated third-party developments · newest first

Catalyst Timeline

Dated third-party developments that move the stock — newest first, each classified bullish or bearish and linked to its source.

2026-10-19
Next quarterly earnings◆ Scheduled
Next scheduled quarterly earnings report (2026-10-19). Revenue, margins and guidance are the near-term driver; the outcome is not known in advance.
Finnhub
2026-01-29
LMT Q revenue rises to $20.32B▲ Bullish
It expects profit per share between $29.35 and $30.25, versus expectations of $29.28. The Maryland-based company reported quarterly revenue of $20.32 billion, up from $18.62 billion.
Reuters
2025-10-21
Lockheed Martin raises 2025 guidance▲ Bullish
On October 21 (Reuters) - Lockheed Martin, a prominent U.S. defense contractor, has elevated its revenue and profit projections for 2025 as of Tuesday, spurred by ongoing demand for its fighter jets and munitions amidst rising global…
Reuters
2025-10-21
LMT raises guidance on missiles, space▲ Bullish
Lockheed Martin Corp. reported better-than-expected earnings and raised some of its guidance for the year, buoyed by stronger profits in its missiles and space divisions.
Bloomberg
2025-10-21
LMT raises 2025 EPS guidance▲ Bullish
On Tuesday, the defense contractor revealed that it anticipates earnings per share to fall between $22.15 and $22.35 for the year, an improvement from its earlier estimate of $21.70 to $22.
The Wall Street Journal
2025-10-21
LMT raises 2025 forecast amid tensions▲ Bullish
Lockheed Martin, the world’s largest defense contractor, elevated its revenue and profit forecast for 2025 on Tuesday, fueled by consistent demand for its fighter jets and munitions amid rising geopolitical tensions.
Reuters
2025-10-21
LMT beats quarter expectations▲ Bullish
Lockheed Martin, the final of the four stocks to report Tuesday morning, also beat analyst expectations for the quarter ended Sept.
CNBC
2025-07-22
LMT Q2 earnings plunge 80%▼ Bearish
On July 22, Lockheed Martin (LMT.N) announced a significant drop in its second-quarter earnings, plummeting by approximately 80%.
Reuters
2025-04-22
Firm reports 4.5% earnings growth▲ Bullish
The firm reported total earnings of $17.96 billion for the first quarter, reflecting a 4.5% increase compared to the same period last year.
CNBC

Machine-readable table — same developments, with source

Recent third-party developments classified bullish / bearish for the stock; verbatim, sourced.

Date	Development	Direction	Source
2026-10-19	Next scheduled quarterly earnings report (2026-10-19). Revenue, margins and guidance are the near-term driver; the outcome is not known in advance.	◆ Scheduled	Finnhub
2026-01-29	It expects profit per share between $29.35 and $30.25, versus expectations of $29.28. The Maryland-based company reported quarterly revenue of $20.32 billion, up from $18.62 billion.	▲ Bullish	Reuters
2025-10-21	On October 21 (Reuters) - Lockheed Martin, a prominent U.S. defense contractor, has elevated its revenue and profit projections for 2025 as of Tuesday, spurred by ongoing demand for its fighter jets and munitions amidst rising global…	▲ Bullish	Reuters
2025-10-21	Lockheed Martin Corp. reported better-than-expected earnings and raised some of its guidance for the year, buoyed by stronger profits in its missiles and space divisions.	▲ Bullish	Bloomberg
2025-10-21	On Tuesday, the defense contractor revealed that it anticipates earnings per share to fall between $22.15 and $22.35 for the year, an improvement from its earlier estimate of $21.70 to $22.	▲ Bullish	The Wall Street Journal
2025-10-21	Lockheed Martin, the world’s largest defense contractor, elevated its revenue and profit forecast for 2025 on Tuesday, fueled by consistent demand for its fighter jets and munitions amid rising geopolitical tensions.	▲ Bullish	Reuters
2025-10-21	Lockheed Martin, the final of the four stocks to report Tuesday morning, also beat analyst expectations for the quarter ended Sept.	▲ Bullish	CNBC
2025-07-22	On July 22, Lockheed Martin (LMT.N) announced a significant drop in its second-quarter earnings, plummeting by approximately 80%.	▼ Bearish	Reuters
2025-04-22	The firm reported total earnings of $17.96 billion for the first quarter, reflecting a 4.5% increase compared to the same period last year.	▲ Bullish	CNBC

Key Takeaways

Last updated: 2026-09-29

•Boeing's $20B Navy contract is one of the largest military aviation awards in recent memory, directly bullish for BA and the Dow Jones (US30) given Boeing's index weighting.
•Leveraged NOC longs face acute risk — competitive losses of this scale can drive 3–6% single-session declines, meaning 50x positions face potential full liquidation before the move completes.
•LMT at $512.86 (-0.94%) is the sector rotation barometer: a hold above $511.12 signals broader defense sentiment remains intact; a break lower with volume signals wider de-risking.
•Cross-market read-through is strongest in US30 and US500 CFDs given Boeing's Dow weighting; GE Aerospace and Honeywell are secondary beneficiaries worth monitoring.
•Contract-win catalysts commonly gap at the open, bypassing stop levels — position sizing and margin awareness on CoinUnited.io are critical before entry on all three defense names.

Latest Pulses

2026-09-29StocksBullish

LMT

Boeing Wins $20B Navy Fighter Contract: BA CFD Leverage Scenarios & Defense Sector Rotation Analysis

Boeing has secured a landmark $20 billion U.S. Navy fighter aircraft contract, delivering a significant win for the aerospace giant while rival Northrop Grumman saw its shares slip on the news. The aw

2026-09-29StocksBullish

LMT

Lockheed Martin Bags $1.02B in Navy & Missile Defense Contracts: LMT CFD Leverage Scenarios & Defense Sector Read-Through

Lockheed Martin Corporation has secured two new U.S. government contracts totaling approximately $1.02 billion: a $297 million contract with the U.S. Navy and a $724 million missile defense contract.

2026-09-21StocksBullish

LMT

Lockheed Martin Secures $1.2B Army Missile Contract: LMT CFD Leverage Scenarios & Defense Sector Read-Through

Lockheed Martin Corporation has secured a $1.2 billion U.S. Army contract for a missile system, adding to a string of major defense awards the company has accumulated in 2026. This contract follows th

2026-09-21StocksBullish

LMT

Lockheed Martin Lands $1.2B Army PrSM Deal: LMT CFD Leverage Scenarios & Defense Sector Read-Through

Lockheed Martin Corporation has secured a $1.2 billion U.S. Army contract for Precision Strike Missile (PrSM) production. The award continues a sustained billion-dollar contract win wave for the defen

View all LMT pulses

Ownership

Top institutional holders (SEC Form 13F)

Top Institutional Holders

SEC 13F

The largest institutional shareholders, from SEC Form 13F filings — who holds the stock and how much.

Institution	Shares	Value	% of shares
State Street Corp.	32.6M	$19.7B	14.11%
BlackRock, Inc.	17.8M	$10.8B	7.73%
Vanguard Capital Management LLC	14.1M	$8.5B	6.09%
Charles Schwab Investment Management Inc.	7.2M	$4.3B	3.10%
Morgan Stanley	5.7M	$3.4B	2.45%
Vanguard Portfolio Management LLC	5.3M	$3.2B	2.31%
Geode Capital Management, LLC	5.1M	$3.1B	2.20%
Bank of America Corp.	2.7M	$1.6B	1.17%
FMR LLC	2.3M	$1.4B	0.97%
Invesco Ltd.	2.0M	$1.2B	0.85%

Source: SEC Form 13F filings · 2888 institutional holders · as of 31-MAR-2026. 13F data is quarterly and lagged (filed ~45 days after quarter-end) and covers US institutional managers (>$100M AUM) only — not insiders, retail, or foreign holders. Not investment advice.

Understand the risks

Read before trading

Trading Risks

An honest, up-front list of the risks — both out of respect for the trader and as a YMYL compliance requirement.

Leverage / Liquidation

High leverage means a small adverse move can trigger forced liquidation and loss of your full margin.

High-valuation volatility

A high P/E stock is very sensitive to interest-rate and narrative shifts; swings can be large.

Session gaps

After-hours and weekend gaps; extended-hours liquidity is thinner than the regular session.

Basis risk

The CFD reference price can diverge from the exchange execution price.

Earnings volatility

Price swings widen around earnings dates and other scheduled disclosures.

Regulatory / event

Recalls, policy changes, or company-specific events can cause sharp moves.

Reference

FAQ & glossary

Frequently Asked Questions

Lockheed Martin reports revenue across four business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. Aeronautics is the largest segment by revenue, driven primarily by the F-35 Lightning II program, which accounts for a substantial portion of the division's output alongside legacy platforms such as the C-130J Super Hercules and F-16. Missiles and Fire Control has grown in strategic importance as global demand for precision munitions, air defense systems, and tactical missiles has increased. RMS covers helicopters, radar systems, and classified programs, while Space handles satellite systems, missile defense infrastructure, and strategic programs. Each segment carries different margin profiles and contract structures, which can cause the revenue mix to shift quarter to quarter based on program milestones, delivery schedules, and government contract modifications.

Glossary

Key listed-stock and CFD terms, one line each — so the page is unambiguous for both readers and AI answer engines.

Stock CFD	A contract for difference on a share price — price exposure only, not ownership of the underlying shares.
Extended hours	Pre-market and after-hours trading outside the exchange’s regular session.
Basis risk	The risk that the CFD reference price and the exchange execution price do not move in step.
P/E	Price-to-earnings ratio = share price ÷ earnings per share; a common valuation gauge.
Gross margin	Gross profit ÷ revenue; reflects product-level profitability.
EPS	Earnings per share = net income ÷ diluted shares outstanding.

symbol

LMT

Markets

Stocks

Sector

Industrial

CU Product Code

LMT

Source Map

Every figure on this page traces to a primary or named third-party source. "As of" dates the source; "last checked" dates our most recent read of it.

Every figure here is also published as machine-readable data, and re-checked on a schedule so a stale one shows up as stale. View the raw data

Field	Value	Source	As of	Last checked
Reference price	live	CoinUnited stock CFD reference (live)	—	—	—
Market cap	$120B	CoinUnited reference x SEC shares	2026-09-27	2026-09-27	—
P/E	~24.2	CoinUnited reference / SEC annual EPS	—	2026-09-27	—
52-week range	$437.50 – $691.37	CoinUnited daily kline	—	2026-09-27	—
Next earnings	2026-10-19	Finnhub	—	2026-09-27	—
Quarterly revenue	$20.06B	SEC 10-Q	Q2 2026	2026-09-27	View
Net income	$1.84B	SEC 10-Q	Q2 2026	2026-09-27	View
Gross margin	12.2%	SEC 10-Q	Q2 2026	2026-09-27	View
Diluted EPS	$7.94	SEC 10-Q	Q2 2026	2026-09-27	View
Institutional ownership	10 top holders	SEC Form 13F	31-MAR-2026	2026-09-27	View
Analyst price targets	$644.86 consensus	Aggregated sell-side analyst consensus	2026-09-27	2026-09-27	—
Peer valuations	6 peers	Third-party ratios (FMP), trailing twelve months	2026-09-27	2026-09-27	—
Founded	1995	Wikidata	—	2026-09-27	—
Headquarters	Bethesda	Wikidata	—	2026-09-27	—
CEO	James D. Taiclet	Wikidata	—	2026-09-27	—
Industry	information security, weapons industry, aerospace industry	Wikidata	—	2026-09-27	—
CoinUnited product	Stock CFD — price exposure, not equity (no voting; dividends reflected as adjustment); leverage available	CoinUnited product terms	—	2026-09-27	—

About the Author

CoinUnited.io Research Team

This page is compiled by CoinUnited.io's research team: analysts covering listed equities and global markets, working from primary filings and named third-party data rather than opinion.

Our Research Methodology

Every figure is traced to a primary or named third-party source and dated: financial statements from the company's SEC filings, institutional ownership from Form 13F, analyst targets from aggregated third-party coverage, and market data from the CoinUnited reference price. The Source Map on this page lists each one with its source and the date we last checked it.

Disclaimer: content is for informational and educational purposes only and is not personalized financial advice. A stock CFD carries significant risk and provides price exposure only, not equity ownership. Always conduct your own research and consult a qualified financial advisor.

Disclaimers & References

Important Risk Disclaimer

A CoinUnited stock CFD gives price exposure to Lockheed Martin Corporation only, not equity ownership: no shareholder voting rights, no dividends, and no settlement in the underlying share.

Leverage magnifies losses as well as gains, and a position can be liquidated long before the underlying share price recovers. The underlying listing trades on exchange hours, so the reference price can gap between sessions.

Users should conduct their own research and consult with qualified financial professionals before making any investment decisions. The creators and operators of this platform assume no responsibility for any financial losses or other damages that may result from reliance on the information provided.

Leveraged trading is extremely risky and you may lose your entire deposit.

Methodology Overview

Figures on this page are compiled from primary and named third-party sources, not produced by a forecasting model. Each one carries its source and date in the Source Map above.

Financial statements: the company's own SEC filings (10-K / 10-Q), read from XBRL
Market data: the CoinUnited reference price and daily closes
Institutional ownership: SEC Form 13F quarterly filings
Analyst targets: aggregated third-party sell-side coverage — third-party opinion, not CoinUnited's view
Peer multiples: third-party trailing-twelve-month ratios

CoinUnited does not publish a price forecast or target for Lockheed Martin Corporation.

Last methodology review:

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LMT

Lockheed Martin Corporation

$505.94

▲+0.03%24h

24h Low24h High

$498.70$507.79

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$505.65

Ask

$506.23

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LMT

$505.94+0.03%

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Lockheed Martin Corporation

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How the LMT CFD works

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Trading LMT CFDs on CoinUnited.io: Mechanics, Leverage, and Risk

How Leverage Works on This Instrument

Worked Example

Trading Session and Weekend Gap Risk

Earnings Events as a Concentrated Volatility Source

Position Sizing Discipline for a Low-Beta Defense CFD

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Key facts & how to trade

Access & Tradability Comparison

Key Facts

Price & Market Structure

Company & financials

What Is Lockheed Martin Corporation (LMT)?

Business Segments and Revenue Architecture

Financial Scale

Market Identity and CoinUnited Instrument

Key Insights

Key Financials

Quarterly revenue

LMT vs. Peers: Market Position in Aerospace & Defense

Peer Comparison: Scale and Backlog

Boeing: An Asymmetric Comparison

Valuation Context

Competitive Differentiation: AI, Autonomy, and Systems Integration

Why Trade LMT? Price Drivers, Catalysts, and Risk Factors

Primary Price Driver: Defense-Budget Visibility

Earnings Catalysts and Valuation Sensitivity

Beta and Correlation Profile

Program Execution Risk

Geopolitical Demand Cycles and Downside Scenarios

Risk Summary Table

Valuation & peers

Peer Valuation Comparison

Analyst Price Targets

Targets by firm

Scenario calculator

Catalysts & news

Catalyst Timeline

Key Takeaways

Latest Pulses

Boeing Wins $20B Navy Fighter Contract: BA CFD Leverage Scenarios & Defense Sector Rotation Analysis

Lockheed Martin Bags $1.02B in Navy & Missile Defense Contracts: LMT CFD Leverage Scenarios & Defense Sector Read-Through

Lockheed Martin Secures $1.2B Army Missile Contract: LMT CFD Leverage Scenarios & Defense Sector Read-Through

Lockheed Martin Lands $1.2B Army PrSM Deal: LMT CFD Leverage Scenarios & Defense Sector Read-Through

Ownership

Top Institutional Holders

Understand the risks

Trading Risks

Reference

Frequently Asked Questions

1. What business segments make up Lockheed Martin's revenue, and which is the largest?

2. What is Lockheed Martin's current backlog and what does it indicate about future revenue?

3. How does the F-35 program affect LMT's stock price?

4. What is LMT's trailing P/E ratio and how does it compare to the broader defense sector?

5. Why does Lockheed Martin have such a low beta, and what does that mean for traders?

6. How do U.S. defense budget decisions impact LMT's earnings and stock performance?

7. What is the difference between trading LMT shares and trading an LMT CFD on CoinUnited?

8. Does the CoinUnited LMT CFD pay dividends?

9. What are the main program execution risks that could cause LMT's stock to underperform?

10. How do Foreign Military Sales (FMS) contracts affect Lockheed Martin's revenue pipeline?

11. What happened to LMT's net earnings in H1 2026, and why did they grow faster than revenue?

12. How does Lockheed Martin compare to RTX Corporation (Raytheon) as a defense investment?

13. What geopolitical events have historically caused the largest moves in LMT's stock price?

14. Can LMT's CFD be traded on weekends on CoinUnited?

15. What is weekend gap risk and why does it specifically matter for LMT CFD traders?

16. How does leverage on the LMT CFD amplify both gains and losses?

17. What is the significance of LMT's PEG ratio of 1.04 for valuation assessment?

18. How do quarterly earnings releases typically affect LMT's short-term price volatility?

19. What role does AI integration in defense systems play in Lockheed Martin's long-term outlook?

20. How are trading fees calculated on the CoinUnited LMT CFD, and where can I find the current rate?

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