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.

瀏覽其他金融產品

LMTLockheed Martin Corporation

快速連結

持倉計算器

持倉大小（美元）槓桿

所需保證金

$10.00

LMT變動時的盈虧

+1%+$10.00

+5%+$50.00

+10%+$100.00

開始交易 LMT

Lockheed Martin Corporation

LMT

$524.38

-1.07% (24h)

股票級別 C可在 CoinUnited.io 交易800x 槓桿

今日焦點下次業績2026-10-19最近季度營收$20.06BQ2 2026毛利率12.2%Q2 2026

如何交易 Lockheed Martin Corporation？ Lockheed Martin Corporation（LMT）已在證券交易所上市。符合資格的用戶可在 CoinUnited 交易 LMT 股票差價合約 —— 追蹤股價的價格敞口。這是價格差價合約（CFD），並非股權（無股東投票權；股息以調整方式反映）—— 提供槓桿，最低 US$100 起。准入條件依司法管轄區及產品資格而定。

如何交易

在 CoinUnited 交易股票 CFD · 策略

市況形態狀態

槓桿倍數

800x

(CoinUnited.io 最高)

波動性

低

(1.97% 24h)

LMT CFD 如何運作

交易前，先弄清楚你獲得什麼、沒有什麼、風險在哪。

你獲得的

對 LMT 參考價的價格敞口（合成差價合約），跟隨 CoinUnited 參考價漲跌。

你沒有的

並非股權：無股份、無投票權；股息以調整方式反映，而非直接派付予你。

基差風險（Basis risk）

CoinUnited 參考價追蹤股價，但可能與交易所價格有差異；延長時段流動性較薄。

槓桿示意：以 $100 保證金 × 800 倍槓桿，建立 $80,000 名義部位；價格逆向到達強制平倉水平時會被強制平倉。高槓桿放大盈虧，亦放大強制平倉風險。

CoinUnited 交易條件

費率表截至 2026-08-19

產品類型	差價合約（CFD）	合成價格曝險。你不持有標的資產。
交易費	0.070%	標準等級，每邊收取。隨 30 日成交量遞減，至 VIP 9 為 0.000%。
交易時段	市場時段	跟隨市場時段，週末及休市日不交易。
日內槓桿	800x	適用於交易時段內。最小倉位規模下亦需 0.063% 保證金。可用性及上限依產品、地區與帳戶資格而定；槓桿會放大虧損，倉位可能被強制平倉。
隔夜槓桿	10x	適用於持倉超過當日交易時段。最小倉位規模下亦需 5.000% 保證金。
週末及假期槓桿	10x	適用於持倉跨越休市日。最小倉位規模下亦需 5.000% 保證金——持倉過週末前，請先確認倉位規模。
方向	可做多或做空	兩個方向都可以建倉。做空在價格下跌時獲利、上升時虧損。
入金方式	以加密貨幣入金	以加密貨幣入金及出金，無需銀行轉帳或信用卡。

查看完整費率表 →

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, which is a material constraint given that LMT's 90-day realized daily volatility is approximately 2.22%.

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 realized daily volatility of approximately 2.22% means intraday 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 does not trade on weekends or 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.

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 a consensus estimate of approximately $7.20, revenue of $20.06 billion represented 10.5% year-over-year growth, and the company reported a record backlog of $230.42 billion, all in a single release.

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.

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 unrelated to broad market direction. At elevated leverage, even a modest adverse move on notional exposure translates into a large drawdown on margin.

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. 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.

⚡800x💰Fees down to 0%⏱️10s Start

準備交易 LMT 了嗎？

最高 800x 槓桿

立即交易 LMT

關鍵事實與交易方式

核心數據 · 在 CoinUnited 如何交易（CFD vs 持股）

可交易性比較

CoinUnited 股票差價合約 vs 持有相關股票 —— 你以何種方式、何時、以何種形式取得敞口。股價人人都有，這個比較才是差異所在。

條款	CoinUnited（差價合約）	持有股票（交易所）
產品形式	股票差價合約（價格敞口）	股權持有
交易時段	市場時段	交易所常規時段
槓桿	可用（依產品條款）	無／需保證金賬戶
股東權利	無（無投票權；股息以調整方式反映）	投票權＋股息
准入	合資格用戶，依地區及產品而定	需券商賬戶

*准入與最低門檻依司法管轄區及產品資格而定。

關鍵事實

本公司最常被引用的關鍵事實，每項均附來源 —— 為讀者與 AI 引擎而設的快速參考框。

主要來源: Wikidata

成立	1995
總部	Bethesda
行政總裁	James D. Taiclet
行業	資訊安全, 軍火工業, 航空行業
上市狀態	已上市: LMT證券交易所
市值	$121B (截至 2026-09-06)CoinUnited 參考價 × SEC 股數
市盈率	~24.4CoinUnited 參考價 ÷ SEC 年度 EPS
52週區間	$437.50 – $691.37CoinUnited 日 K 線
下次業績公佈	2026-10-19Finnhub
CoinUnited 產品	股票差價合約（CFD）—— 僅價格敞口，非股權（無投票權；股息以調整方式反映）；可用槓桿CoinUnited 產品條款

價格及市場結構

24 小時範圍: $521.89→$532.23

24小時低點

$521.89

24小時高點

$532.23

BID / ASK

$523.93 / $524.83

加載圖表中...

公司與財務

業務模式 · 經審計 SEC 財務

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, according to data from the company's 2025 Annual Report as cited by Latifundist.com and Defense Briefing. The segment also includes the F-16, with international customers representing about 36% of Aeronautics revenue in 2025.

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.

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. Through the first half of 2026, revenue grew 5.44% year-over-year and net earnings expanded 61.83%, reflecting both steady top-line demand and meaningful margin improvement.

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

Recent contract awards reinforce that backlog. A seven-year, $35 billion contract to expand THAAD interceptor production was reported in August 2026, alongside a $3 billion GMLRS award and $1.1 billion for HIMARS rocket launcher development.

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 August 2026, Lockheed Martin carries a market capitalization of approximately $129.9 billion (CNBC, August 27, 2026), with a trailing P/E of 22.42 and a PEG ratio of 1.04 (MarketBeat, August 18, 2026). The stock is classified within the Industrials sector under Aerospace & Defense and is 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.

The CFD follows a scheduled trading session, it is closed on weekends and observes market holidays; 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; the full fee schedule is available at coinunited.io/en/account/trading-fees.

最後更新： 2026-08-29

關鍵洞察

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.

關鍵財務

經審計 · SEC 備案

取自公司最新 SEC 備案的申報數字 —— 每項均連結至來源備案及對應期間。

$20.06B

季度營收

Q2 2026 · SEC 10-Q

$1.84B

淨利潤

Q2 2026 · SEC 10-Q

12.2%

毛利率

Q2 2026 · SEC 10-Q

$7.94

攤薄每股盈利

Q2 2026 · SEC 10-Q

季度營收走勢

$22B

$19B

$17B

$17.96BQ1 2025

$18.16BQ2 2025

$18.61BQ3 2025

~$20.32BQ4 2025

$18.02BQ1 2026

$20.06BQ2 2026

~ 第四季不會單獨申報，此數字為年度 10-K 減去已申報首三季推導所得。

數字取自公司經審計的 SEC 備案，每項附來源備案與期間。非投資建議。

機器可讀表 —— 相同數字，逐項來源

指標	數值	來源
季度營收 (Q2 2026)	$20.06B	SEC 10-Q
淨利潤 (Q2 2026)	$1.84B	SEC 10-Q
毛利率 (Q2 2026)	12.2%	SEC 10-Q
攤薄每股盈利 (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 August 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 per Foreign Policy Journal, 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.

As Motley Fool analysis noted, "As of the second quarter, the company had a record backlog of $230 billion, led by its multibillion-dollar awards for THAAD hit-to-kill interceptors and Patriot PAC-3 MSE missiles."

General Dynamics' $186.9 billion total backlog, $136.5 billion firm plus $50.4 billion potential contract value, per Zacks, 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.

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.

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

As of August 27, 2026, LMT's market capitalization stood at $129.914 billion with a trailing P/E of 22.42 and a PEG ratio of 1.04, according to CNBC and MarketBeat. The PEG ratio near 1.0 suggests the current earnings multiple is broadly aligned with the company's growth rate, neither deeply discounted nor obviously stretched relative to its own growth trajectory.

LMT's beta of 0.10, also from MarketBeat, reflects minimal correlation with broader equity market moves, a characteristic common to defense primes with government-contract revenue bases.

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 is tighter than RTX's despite comparable backlog coverage ratios, it may reflect the market pricing in the 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, and any shifts in Department of Defense budget allocations between platform categories, factors that can drive 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, up from $193.6 billion at year-end 2025, a 38% increase year-over-year, according to MarketBeat. TheStreet notes that this backlog represents roughly three years of revenue at the current run rate, a level of forward earnings visibility unusual among large-cap equities.

The Pentagon's July 2026 emergency funding request of $67 billion, including $18.2 billion earmarked for interceptor replenishment (Patriot, Tomahawk, THAAD), illustrates how urgency in procurement timelines can accelerate contract conversion.

A seven-year THAAD interceptor contract, potentially worth up to $35 billion, has already been awarded, providing a long-duration cash flow anchor within MFC.

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

As of August 2026, LMT carries a PEG ratio of 1.04 (MarketBeat, August 18, 2026), which indicates the market is pricing the stock broadly in line with consensus earnings growth expectations.

A PEG near 1.0 means the stock has 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.

Management raised 2026 guidance to $79.75–$81.75 billion in sales and $29.95–$30.65 in EPS after Q2 2026 results, per Ad-hoc News. Q2 2026 revenue came in at $20.1 billion, up 11% year-over-year, with free cash flow swinging from a $150 million loss in Q2 2025 to $2.9 billion, a shift that significantly changed the market's view of margin durability.

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 of 0.10 (MarketBeat, August 18, 2026) is among the lowest in the large-cap universe. This means 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.

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 is currently held at a stable production rate of 156 aircraft per year (Army Recognition, August 2026), with 1,344 jets delivered cumulatively and 317 in the order backlog. Whether the H1 2026 margin expansion, evidenced by 61.83% net earnings growth on 5.44% 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: CEO commentary confirms deliveries have resumed with 119 Block 70/72 aircraft in backlog, but production ramp and international customer delivery schedules introduce timing uncertainty.

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 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	PEG of 1.04 leaves limited valuation cushion
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 carry leverage, which amplifies both favorable and adverse price moves. 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.

Traders should review session and holiday hours on the platform before entering positions, as the instrument does not trade on weekends.

估值與同業

估值倍數 vs 同業 · 分析師目標價（第三方）

同業估值對照

以過去十二個月估值倍數，比較本股與可比上市公司。

公司	市值	市盈率 P/E	市銷率 P/S
Lockheed Martin Corporation · LMT	$121.2B	19.3x	1.6x
Deere & Company · DE	$187.2B	38.4x	3.9x
The Boeing Company · BA	$167.8B	79.5x	1.8x
Parker-Hannifin Corporation · PH	$121.4B	33.3x	5.6x
Automatic Data Processing, Inc. · ADP	$111.0B	25.3x	5.1x
Trane Technologies plc · TT	$98.5B	33.8x	4.4x

第三方比率（FMP），過去十二個月。倍數因數據期間而異；P/E 為負或缺失代表公司虧損。非投資建議。

分析師目標價

買入

華爾街賣方分析師對該股的共識 12 個月目標價與評級。

共識目標價

$631.57+20.3%

目標價區間

$575.00 – $700.00

目標價覆蓋

6 位分析師

分析師評級 (37)

買入 21持有 15賣出 1

個別行家目標價

過去 180 日內有公開報道的 7 間行家，各自最新目標價。每行連結至該報道。

行家	目標價	相對現價
Wells Fargo2026-07-27 · TheFly	$600.00	+14.3%
UBS2026-07-24 · StreetInsider	$581.00	+10.7%
Robert W. Baird2026-07-24 · TheFly	$700.00	+33.3%
Morgan Stanley2026-07-24 · TheFly	$690.00	+31.4%
Jefferies2026-06-25 · TheFly	$575.00	+9.5%
Susquehanna2026-04-24 · TheFly	$700.00	+33.3%
RBC Capital2026-04-24 · TheFly	$575.00	+9.5%

來源:賣方分析師共識(聚合) · 截至 2026-09-06. 以上為第三方分析師意見 —— 並非 CoinUnited 觀點、並非價格預測、亦非投資建議。

情境試算

選一個第三方參考水平，看看在槓桿下代表什麼。這些只是參考水平，並非 CoinUnited 的預測。

情境價位

$524.38

+0.0% 相對現價

你的保證金（美元）槓桿

名義部位 $100,000.00

此情境盈虧（做多）

+$0.00

強平損失 -$1,000.00 (全部保證金)

強平價（做多）: $519.14 — 即逆向 -1.0%

交易 LMT

簡化試算：未計費用、資金費率與滑點。參考水平為第三方數據（CoinUnited 日 K 線；聚合賣方分析師目標價），並非預測。槓桿放大虧損同放大盈利一樣多 —— 高槓桿下，細幅逆向即會強平。非投資建議。

催化劑與新聞

有日期的第三方發展 · 由新到舊

催化劑時間軸

帶日期的第三方發展，推動股價 —— 由新到舊，每項標示利好或利淡並連結來源。

2026-10-19
下次季度業績◆ 已排期
下次季度業績公佈日（2026-10-19）。營收、利潤率同管理層指引係短線最大驅動；結果事前無法得知。
Finnhub
2026-01-29
洛馬季收入升至203.2億▲ 利好
預期每股利潤在29.35美元至30.25美元之間，相比預期的29.28美元。馬里蘭州公司報告季度收入為203.2億美元，較之前的186.2億美元增長。
Reuters
2025-10-21
洛馬提高2025年預測▲ 利好
洛克希德馬丁公司是一家美國主要國防承包商，已於週二提高其2025年收入和利潤預測，受到持續對其戰鬥機和彈藥的需求推動，並與全球局勢升溫有關。
Reuters
2025-10-21
LMT提高導彈太空部門指導▲ 利好
洛克希德馬丁公司報告盈利超預期，並提高部分年度指導，主要得益於導彈和太空部門利潤增長。
Bloomberg
2025-10-21
洛馬提高2025年EPS指導▲ 利好
週二，該國防承包商透露預期每股收益在22.15美元至22.35美元之間，相較之前估計的21.70美元至22美元有所改善。
The Wall Street Journal
2025-10-21
洛馬提高預測緊張局勢▲ 利好
全球最大國防承包商洛克希德馬丁公司於週二提高2025年收入和利潤預測，受到持續對其戰鬥機和彈藥需求的推動，並受地緣政治緊張局勢加劇的影響。
Reuters
2025-10-21
洛馬超越季度預期▲ 利好
洛克希德馬丁公司是週二上午報告的四隻股票中最後一隻，也超越分析師對該季度的預期。
CNBC
2025-07-22
洛馬Q2收益暴跌80%▼ 利淡
7月22日，洛克希德馬丁公司(LMT.N)宣佈其第二季度收益大幅下跌，跌幅約為80%。
Reuters
2025-04-22
公司收益增長4.5%▲ 利好
該公司報告第一季度總收益為179.6億美元，相比去年同期增長4.5%。
CNBC

機器可讀表 —— 相同發展，附來源

近期第三方發展，按利好／利淡分類，影響股價；原文引用、附來源。

日期	發展	方向	來源
2026-10-19	下次季度業績公佈日（2026-10-19）。營收、利潤率同管理層指引係短線最大驅動；結果事前無法得知。	◆ 已排期	Finnhub
2026-01-29	預期每股利潤在29.35美元至30.25美元之間，相比預期的29.28美元。馬里蘭州公司報告季度收入為203.2億美元，較之前的186.2億美元增長。	▲ 利好	Reuters
2025-10-21	洛克希德馬丁公司是一家美國主要國防承包商，已於週二提高其2025年收入和利潤預測，受到持續對其戰鬥機和彈藥的需求推動，並與全球局勢升溫有關。	▲ 利好	Reuters
2025-10-21	洛克希德馬丁公司報告盈利超預期，並提高部分年度指導，主要得益於導彈和太空部門利潤增長。	▲ 利好	Bloomberg
2025-10-21	週二，該國防承包商透露預期每股收益在22.15美元至22.35美元之間，相較之前估計的21.70美元至22美元有所改善。	▲ 利好	The Wall Street Journal
2025-10-21	全球最大國防承包商洛克希德馬丁公司於週二提高2025年收入和利潤預測，受到持續對其戰鬥機和彈藥需求的推動，並受地緣政治緊張局勢加劇的影響。	▲ 利好	Reuters
2025-10-21	洛克希德馬丁公司是週二上午報告的四隻股票中最後一隻，也超越分析師對該季度的預期。	▲ 利好	CNBC
2025-07-22	7月22日，洛克希德馬丁公司(LMT.N)宣佈其第二季度收益大幅下跌，跌幅約為80%。	▼ 利淡	Reuters
2025-04-22	該公司報告第一季度總收益為179.6億美元，相比去年同期增長4.5%。	▲ 利好	CNBC

重點摘要

最後更新: 2026-09-08

•L3Harris 接獲史上最大的 PAC-3 推進系統合約，價值 47 億美元、為期七年，直接擴大了其積壓訂單及多年營收能見度。
•身為主要承包商的 LMT 目前交易價為 525.04 美元 (下跌 1.41%)；50 倍槓桿的差價合約部位將在低於進場價約 2% (~514.54 美元) 時面臨清算，需謹慎進行部位規模調整。
•此合約鞏固了美國持續的防空生產擴張，為 RTX、諾斯羅普格魯曼及通用動力等公司帶來正面連動效應。
•未定價合約狀態意味著最終條款將稍後確認，隨著條款的敲定，將創造分階段重新評級的機會。
•此事件影響僅限於國防產業，對加密貨幣、外匯或大宗商品市場無實質性溢出效應。

主要股東

SEC Form 13F 十大機構持有

主要機構股東

SEC 13F

來自 SEC Form 13F 申報的最大機構股東 —— 持有人與持股數量。

機構	股數	持值	佔股比
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%

來源:SEC Form 13F 申報 · 2888 家機構股東 · 截至 31-MAR-2026. 13F 數據為季度且有滯後(季末後約 45 日申報),只涵蓋美國機構經理(管理資產 >1 億美元),不包括內部人、散戶或外國持有人。非投資建議。

了解風險

交易前必讀

交易風險

誠實、開宗明義列出風險 —— 既是對交易者的尊重，也是 YMYL 合規要求。

槓桿／強制平倉

高槓桿下，小幅逆向即可觸發強制平倉，可能損失全部保證金。

高估值波動

高市盈率股票對利率與市場敘事變化極為敏感，波幅可能很大。

時段跳空

盤後及週末跳空；延長時段流動性較常規時段稀薄。

基差風險（Basis risk）

差價合約參考價可能偏離交易所成交價。

業績波動

業績公佈日及其他預定披露前後，價格波幅會擴大。

監管／事件

召回、政策變動或公司特定事件可能引發劇烈波動。

參考資料

常見問題 · 術語表

常見問題

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.

術語表

關鍵上市股票與 CFD 詞彙，每個一句 —— 令頁面對讀者同 AI 引擎都清晰無歧義。

股票差價合約	針對股價的差價合約 —— 僅取得價格敞口，並不擁有相關股份。
延長時段	在交易所常規時段以外的盤前及盤後交易。
基差風險	差價合約參考價與交易所成交價未必同步變動的風險。
市盈率	市盈率 = 股價 ÷ 每股盈利；常用的估值指標。
毛利率	毛利 ÷ 營收；反映產品層面的盈利能力。
每股盈利	每股盈利 = 淨利潤 ÷ 攤薄後流通股數。

代號

LMT

市場

股票

板塊

Industrial

CU 產品代碼

LMT

AI Agent Crypto IntegrationHormuz Strait Energy Supply ShockAI Revenue Chip Demand SurgeDrone Imaging Defense Tech BreakoutCrypto Clarity Act Regulatory PivotEarnings Miss Revenue ShockApac Currency Inflation Supply ShockMulti Sector Ma Deal SurgeDiversified Sector Earnings Beat WaveAI Datacenter Energy Capital Raise

出處對照

本頁每項數據均可追溯至一手或具名第三方來源。「資料截至」指來源本身的日期，「最後查核」指我們最近一次重新讀取的日期。

本表每項數據亦以機器可讀格式發佈，並定期自動重新核對，過期會標示出來。查看原始數據

欄位	數值	來源	資料截至	最後查核
參考價格	即時	CoinUnited 股票 CFD 參考價（即時）	—	—	—
Market cap	$121B	CoinUnited reference x SEC shares	2026-09-06	2026-09-06	—
P/E	~24.4	CoinUnited reference / SEC annual EPS	—	2026-09-06	—
52-week range	$437.50 – $691.37	CoinUnited daily kline	—	2026-09-06	—
Next earnings	2026-10-19	Finnhub	—	2026-09-06	—
Quarterly revenue	$20.06B	SEC 10-Q	Q2 2026	2026-09-06	查看
Net income	$1.84B	SEC 10-Q	Q2 2026	2026-09-06	查看
Gross margin	12.2%	SEC 10-Q	Q2 2026	2026-09-06	查看
Diluted EPS	$7.94	SEC 10-Q	Q2 2026	2026-09-06	查看
機構持股	10 大股東	SEC Form 13F	31-MAR-2026	2026-09-06	查看
分析師目標價	$631.57 共識目標價	賣方分析師共識（聚合）	2026-09-06	2026-09-06	—
同業估值	6 同業	第三方比率（FMP）· 過去十二個月	2026-09-06	2026-09-06	—
Founded	1995	Wikidata	—	2026-09-06	—
Headquarters	Bethesda	Wikidata	—	2026-09-06	—
CEO	James D. Taiclet	Wikidata	—	2026-09-06	—
Industry	資訊安全, 軍火工業, 航空行業	Wikidata	—	2026-09-06	—
CoinUnited product	Stock CFD — price exposure, not equity (no voting; dividends reflected as adjustment); leverage available, extended/24h	CoinUnited product terms	—	2026-09-06	—

關於作者

CoinUnited.io 研究團隊

本頁由 CoinUnited.io 研究團隊整理：專責上市股票及全球市場的分析師，以一手申報文件及具名第三方數據為依據，而非意見推論。

我們的研究方法

每項數據均可追溯至一手或具名第三方來源並標註日期：財務報表取自公司的 SEC 申報文件，機構持股取自 Form 13F，分析師目標價取自聚合的第三方研究，市場數據取自 CoinUnited 參考價。本頁的出處對照表逐項列出來源，以及我們最後一次查核的日期。

免責聲明：內容僅供資訊及教育用途，並非個人化財務建議。股票差價合約風險重大，只提供價格敞口，並非股權擁有。請自行研究並諮詢合資格財務顧問。

免責聲明與參考資料

重要風險提示

CoinUnited 股票差價合約只提供 Lockheed Martin Corporation 的價格敞口，並非股權擁有：沒有股東投票權、沒有股息，亦不會以相關股票交收。

槓桿同時放大虧損與盈利，部位可能在相關股價回升之前已被強制平倉。相關股票按交易所時段掛牌，參考價可能在時段之間跳空。

用戶在作出任何投資決策前，應自行研究並諮詢合資格的財務專業人士。本平台之創建者及營運者概不承擔因依賴相關資訊而導致的任何財務損失或其他損害責任。

槓桿交易風險極高，可能損失全部本金。

方法論概覽

本頁數據來自一手及具名第三方來源，並非由預測模型產生。每一項的來源與日期均列於上方的出處對照表。

財務報表：公司自身的 SEC 申報文件（10-K／10-Q），由 XBRL 讀取
市場數據：CoinUnited 參考價及每日收市價
機構持股：SEC Form 13F 季度申報
分析師目標價：聚合的第三方賣方研究 — 屬第三方意見，並非 CoinUnited 觀點
同業倍數：第三方過去十二個月比率

CoinUnited 不會就 Lockheed Martin Corporation 發布價格預測或目標價。

方法論最後審閱日期：

準備好開始交易 Lockheed Martin Corporation 了嗎？

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LMT

Lockheed Martin Corporation

$524.38

▼-1.07%24h

24h Low24h High

$521.89$532.23

Bid

$523.93

Ask

$524.83

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LMT

$524.38-1.07%

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Lockheed Martin Corporation

如何交易

市況形態狀態

LMT CFD 如何運作

CoinUnited 交易條件

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

Fees

準備交易 LMT 了嗎？

關鍵事實與交易方式

可交易性比較

關鍵事實

價格及市場結構

公司與財務

What Is Lockheed Martin Corporation (LMT)?

Business Segments and Revenue Architecture

Financial Scale

Market Identity and CoinUnited Instrument

關鍵洞察

關鍵財務

季度營收走勢

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

估值與同業

同業估值對照

分析師目標價

個別行家目標價

情境試算

催化劑與新聞

催化劑時間軸

重點摘要

最新動態

L3Harris 斬獲 47 億美元 PAC-3 MSE 推進系統大單：LMT 差價合約槓桿情境與國防產業連動分析

瑞典7.29億美元洛克希德馬丁飛彈協議：LMT差價合約槓桿情境與北約國防產業展望

洛克希德馬丁贏得 2.11 億美元阿聯酋 THAAD 合約修訂：LMT 差價合約槓桿情境與國防產業連動分析

美國授予洛克希德馬丁創紀錄的 586 億美元愛國者飛彈合約：LMT 差價合約槓桿情境與國防產業分析

主要股東

主要機構股東

了解風險

交易風險

參考資料

常見問題

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?

術語表