Overview
- The company projected 2026 net sales of $77.5–$80.0 billion and EPS of $29.35–$30.25, exceeding LSEG consensus estimates.
- A seven-year agreement with the Department of Defense will increase Patriot PAC-3 interceptor production to 2,000 units per year from 600.
- Lockheed plans to lift THAAD interceptor output to 400 annually and will invest billions over three years to expand and modernize more than 20 facilities.
- Quarterly revenue rose to $20.32 billion as Q4 EPS of $5.80 slightly missed the $5.85 forecast, and shares climbed more than 5% in pre-market trading on the outlook.
- The company reported a record 191 F-35 deliveries in 2025, while new U.S. rules tying dividends and buybacks to delivery performance introduce capital-return uncertainty.