From Quartz.
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Lockheed Martin reported fourth-quarter earnings of $5.80 per share, a slight miss versus the $5.85 analysts expected, while issuing a firmer 2026 outlook. The Lockheed Martin earnings update also included a Department of Defense agreement to quadruple THAAD interceptors production from 96 to 400 per year. Record F-35 deliveries in the quarter accompanied a 9.1% sales increase.
Terms of the THAAD deal were not disclosed; the company plans to invest billions over three years to expand production and modernize more than 20 facilities. Guidance projected 2026 net sales of $77.5 billion to $80 billion. Investors also noted Donald Trumpâs comment that the fiscal 2027 defense budget could reach $1.5 trillion, and Boeing reported a 57% quarterly sales jump earlier this week. #lockheedmartin #defenseindustry #stockmarket #fighterjets #earningsreport
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