Form 10-Q · Quarterly report
Lockheed Martin 10-Q, filed Oct 22, 2026
- Filed
- CIK
- 0000936468
- Accession no.
- 0001628280-26-066928
Summary
Lockheed Martin reported third-quarter 2026 sales of $20.7 billion, up from $18.6 billion a year earlier, and nine-month sales of $58.8 billion, of which 70% came from the U.S. Government and 61% from the Department of War. The company said it entered multi-year 2026 agreements with the Department of War to raise production and accelerate deliveries for PAC-3 MSE, THAAD, PrSM, JATM and the F-35, and that it does not currently expect existing tariffs to have a material long-term effect on results.
Key points
- Third-quarter operating profit was $2.443 billion versus $2.280 billion a year earlier; nine-month operating profit was $6.985 billion.
- Through the nine months ended September 27, 2026, Lockheed Martin received approximately $225 million in refunds related to prior tariff assessments.
- The FY2026 National Defense Authorization Act, signed December 18, 2025, authorizes $901 billion for national defense, and the Consolidated Appropriations Act, 2026 provided $839.2 billion of discretionary national defense funding through September 30, 2026.
- A continuing resolution signed September 2, 2026 generally maintains FY 2026 funding levels through December 11, 2026, while the Administration's FY 2027 request seeks $1.5 trillion for defense.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. Management’s Discussion BUSINESS OVERVIEW We are a global aerospace and defense technology company that builds and sustains the solutions America and its allies need to deter conflict and advance national security and scientific exploration objectives. Our four business areas – Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space – work as one company offering integrated solutions, at scale, across all warfighting domains. Our defense, space, intelligence, homeland security, information technology, and cybersecurity capabilities serve U.S. and international customers in defense, civil and commercial applications. …
An excerpt of the text as filed with the SEC, cut for length.
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