LMT
LOCKHEED MARTIN CORPEvidence as of 2026-10-10The desk's Snapshot
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Overview · LOCKHEED MARTIN CORP
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and relate…
Management team
- Mr. Kevin James O'Connor J.D. · Senior Vice President, General Counsel & Corporate SecretaryFind on LinkedIn
- Mr. Robert M. Lightfoot Jr. · President of SpaceFind on LinkedIn
- Ms. Stephanie C. Hill · President of Rotary & Mission SystemsFind on LinkedIn
- Mr. Frank A. St. John · Chief Operating OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.5 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Cautious ( −0.5; confidence high). Revenues for the three most recent reported quarters were $ 18,609,000,000 (three months ended 28 September 2025), $ 18,021,000,000 (three months ended 29 March 2026), and $ 20,063,000,000 (three months ended 28 June 2026). Gross profit and implied gross margins were $ 2,240,000,000 (~ 12.04%) on 9/28/2025, $ 2,078,000,000 (~ 11.54%) on 3/29/2026, and $ 2,446,000,000 (~ 12.18%) on 6/28/2026, while net income and diluted EPS moved from $ 1,619,000,000 / $ 6.95 to $ 1,488,000,000 / $ 6.44 and then $ 1,836,000,000 / $ 7.94 across those same three reporting dates.
Balance-sheet and market metrics show stability in some places and pressure in others: entity common shares outstanding fell modestly from 231,397,796 (16 October 2025) to 230,790,753 (20 July 2026); long-term noncurrent debt held near $ 20,53 0,000,000 across the reported balance dates; cash and cash equivalents declined from $ 4,121,000,000 (12/31/2025) to $ 3,791,000,000 (6/28/2026). Market signals include lower recent momentum (three‑month −2.1%, six‑month −16.4%) alongside a positive 12_1 momentum (+18.3%), low beta and correlation to SPY, elevated short‑term volatility metrics, a TTM dividend yield of 2.71%, and trailing multiples such as P/FCF 26.95 and P/E 22.36 with FCF ttm $ 4,369,000,000.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenues were $18,609,000,000 for the three months ended 28 September 2025, $18,021,000,000 for the three months ended 29 March 2026, and $20,063,000,000 for the three months ended 28 June 2026.
XBRL companyfacts · 0001628280-25-045693Gross profit was $2,240,000,000 for the three months ended 28 September 2025, $2,078,000,000 for the three months ended 29 March 2026, and $2,446,000,000 for the three months ended 28 June 2026 (implied gross margins: ~12.04% on 9/28/2025, ~11.54% on 3/29/2026, ~12.18% on 6/28/2026).
XBRL companyfacts · 0001628280-25-045693Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The Annual Report on Form 10-K filed 29 January 2026 states the company has $11.3 billion of goodwill recorded as of December 31, 2025, representing approximately 19% of total assets.
10-K filed 2026-01-29The 10-K filed 29 January 2026 reintroduced and expanded risk language on Undefinitized Contract Actions (UCA), noting the company sometimes begins work before final terms are agreed and that the U.S. Government can unilaterally definitize contracts which may negatively affect expected profit and cash flows on a program.
10-K filed 2026-01-29Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Three-month momentum is -2.1% and six-month momentum is -16.4%, with the six-month momentum at the 15th percentile of the research universe (881).
Moneyta signal set · 2026-10-09weakened in debateThe 12_1 momentum metric is +18.3% and ranks at the 62th percentile of the research universe (881).
Moneyta signal set · 2026-10-09weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
13F-reported institutional holdings total $89.93B as of 2026-06-30, and reported aggregate 13F value fell 14.9% quarter-over-quarter.
13F holdings · 2790 filers · as of 2026-06-30State Street Corp was the largest 13F holder at $16.80B as of 2026-06-30, with its reported position down 14.6% quarter-over-quarter; BlackRock, Inc. reported $9.62B (down 10.8% qoq) and Vanguard Capital Management LLC reported $7.21B (down 15.1% qoq).
13F holdings · 2790 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Several outlets reported Lockheed Martin unveiled a next‑generation interceptor called PAC‑3 Edge on 9 October 2026, describing it as designed to defend against hypersonic and advanced missile threats.
News · seekingalpha.com · 2026-10-09A Reuters‑syndicated piece published 9 October 2026 likewise covered Lockheed’s PAC‑3 Edge debut and framed it in the context of the U.S. military strengthening missile defenses.
News · aol.com · 2026-10-09Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Lightfoot Robert M JR (President Space) reported a sale of 196 shares with value "$118k" on 2026-08-12.
Form 4 · Lightfoot Robert M JR (President Space) · $118k sold · 2026-08-12Lightfoot Robert M JR (President Space) reported additional sales of 846 shares and 1,564 shares on 2026-08-11 (same filing as the 196-share sale).
Form 4 · Lightfoot Robert M JR (President Space) · $118k sold · 2026-08-12Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-calculated implied free cash flow (FCF) growth rate that today's price would justify is 0.1641 (16.41%).
Valuation inputs · SEC XBRL + stored EOD closePrice-to-free-cash-flow (P/FCF, trailing twelve months) is 26.95.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence set shows multi-quarter profitability with rising net income and EPS over the three reported quarters (fundamentals-2) alongside stable gross margins near ~12% (fundamentals-1), which supports a favorable operational profile. Revenue levels across the quarters are sizeable and trended higher into June 2026 (fundamentals-0), while share counts ticked slightly lower, implying modest net share reduction (fundamentals-3). Cash-flow and valuation metrics show meaningful trailing free cash flow and operating cash flow (valuation-4) with P/E and EV/EBITDA in ranges that, when combined with a 2.7% dividend yield and multi-year dividend growth (market-5), present income-oriented characteristics; inclusion in large dividend-focused ETFs (ownership-3, ownership-4) and recent corporate announcements (news-0, news-2, news-3) further reinforce investor and product-market engagement. Low market sensitivity measures (market-2) suggest the company’s performance is not highly correlated to broad-market swings, which, together with sustained profitability, forms the core of a favorable read based on the provided claims.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.33
39 surviving claims rest on 17 distinct sources; the heaviest analyst carries 15% of them, and 97% of what the desk raised survived the debate.
The evidence set contains a moderate number of distinct sources supporting many claims, which gives some redundancy but not deep independent corroboration. One analyst accounts for a meaningful slice of claims but not a dominant share, while the very high survival rate through debate suggests the desk largely agreed on these points — together those features imply the read is usable for informational context but should be treated as somewhat brittle to new, conflicting documents or market datapoints.
Peer context · computed, not argued
12-1 momentum ranks 4th of 12 in Aerospace & Defense (as of 2026-10-09).
90-day volatility ranks 6th of 12 in Aerospace & Defense (as of 2026-10-09).
dividend yield ranks 1st of 12 in Aerospace & Defense (as of 2026-10-09).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
9 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.3 to the score
8 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.2 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis−0.2 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
3 filings· 1 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.8 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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