Lockheed Martin (LMT) is a publicly traded Established Primes company founded in 1995 and based in Bethesda, United States.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Jan 1, 1995 | IPO | — | — | — |
Lockheed Martin reported Q2 2026 sales of $20.1 billion, up 11% year-over-year from $18.2 billion, driven by growth across all segments and increased munitions production. Net earnings were $1.8 billion ($7.94 per share) compared to $342 million ($1.46 per share) in Q2 2025, which included $1.6 billion in prior-year program losses. Operating profit improved $1.7 billion to $2.5 billion, largely due to absence of those 2025 charges. Free cash flow grew to $2.9 billion from negative $150 million. Backlog reached a record $230 billion, boosted by a $35 billion multi-year THAAD interceptor contract with the Missile Defense Agency. The company raised full-year 2026 guidance, now expecting 8% sales growth and 28% higher segment operating profit, with free cash flow exceeding $7 billion.
Full-year 2026 sales $79.75–$81.75B; diluted EPS $29.95–$30.65; free cash flow over $7B

Lockheed Martin, Boeing and Anduril advance to Phase 2 of the U.S. Army's IFPC Inc 2 second interceptor competition.

Lockheed Martin and the Boeing-Anduril team advance in the Army's IFPC Inc 2 competition, moving to the developmental phase.

Machina Labs plans a 250,000 sq ft factory for AI-robot-made missile components and airframes, scaling from 5 to 50+ RoboCraftsman systems a year.

Sweden signs $732M deal for Lockheed Martin's HIMARS launchers and ammunition, and a rocket artillery pact with Finland.
Croatia approves a €544M deal for 18 Hanwha K239 Chunmoo launchers, bypassing Lockheed Martin's HIMARS.

Ukraine formally requests EU funding from a €90B loan for PAC-3 Patriot interceptors amid a critical missile shortage.
Fifth-generation stealth multirole fighter produced in three variants for the U.S. Air Force, Navy, and Marine Corps and 17 allied nations. Integrates advanced sensors, radar-evading stealth, and fused avionics into a single airframe. Lockheed is producing 170–190 jets per year; the Skunk Works Open Systems Gateway (OSG) unlocks classified data sharing between F-35s and allied air-defense systems, extending the platform's relevance well beyond initial service entry.
Next-generation ground-based intercontinental ballistic missile developed under the Ground Based Strategic Deterrent (GBSD) program to replace the aging Minuteman III. Lockheed's Strategic Deterrent Systems division is prime contractor. The Sentinel program is ramping through Engineering and Manufacturing Development with first operational deployments targeted for the early 2030s, anchoring the land leg of the U.S. nuclear triad.
Lockheed-built next-generation navigation satellites for the U.S. Space Force providing three times better accuracy and up to eight times improved anti-jamming capability over legacy Block IIF satellites. GPS IIIF adds a new L1C civil signal compatible with international standards. Eighth satellite launched successfully in 2025; Space Force continues ordering follow-on GPS IIIF units to complete modernization of the constellation.
High Mobility Artillery Rocket System (HIMARS) is a wheeled, combat-proven launcher firing guided rockets and Army Tactical Missile System (ATACMS) munitions. The Extended-Range GMLRS (ER GMLRS) round more than doubles the baseline range to over 150 km, demonstrated in a 112-kilometer flight test at White Sands in 2025. HIMARS has become a defining weapon of the Russia-Ukraine war, driving surging U.S. Army production contracts.
157 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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