Lockheed Martin Corporation (LMT)

Outperform Recap: Q2 2026

Capex Down, Cash Up, Backlog at $230 Billion: Upgrading Lockheed Martin to Outperform

Hold Recap: Q1 2026

Most of the Miss Is Calendar and Comps. The $180M of Fresh Program Adjustments Is Not.

Hold Recap: Q4 2025

A Record Year and a 2026 Guide Whose Growth Is Mostly Arithmetic: Maintaining Hold on Lockheed Martin

Hold Recap: Q3 2025

A Clean Quarter, a Record Backlog, and the Market Still Sold It: Initiating Lockheed Martin at Hold