Lockheed Martin Raises Full-Year Forecast, Boosting LMT Stock
Lockheed Martin (LMT) shares rose sharply after the defense contractor reported strong fiscal Q2 results that exceeded expectations and raised its full-year guidance. The company now forecasts revenue of approximately $80.75 billion in 2026 with earnings per share of at least $29.95, driven by robust global defense spending. The firm's second-quarter performance was marked by an 11% year-over-year increase in revenue and a significant rebound in free cash flow to $2.9 billion. Additionally, Lockheed secured $65 billion in new orders during the quarter, pushing its total backlog to a record high of $230 billion. Despite these gains, LMT stock remains down about 17% from its year-to-date peak. Analysts and options traders remain optimistic, with Wall Street assigning a 'Moderate Buy' rating and suggesting potential for further growth.
Tickers: $LMT