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Lockheed Martin poised for 35% gain on strong defense demand and $193.6B backlog

Analyst Insights
30 Mar 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Lockheed Martin is projected to see a 35% upside with a target price of $843, driven by a $193.6 billion backlog and rising global defense spending amid geopolitical tensions. Growth is fueled by increased military budgets, especially in missile defense and AI systems, with Germany notably boosting its defense budget by 28% in 2024. The company maintains strong financial health with $6.9 billion free cash flow, steady dividends, and buybacks. Key risks include reliance on the U.S. government and concentration in the F-35 program, but ongoing global conflicts support a positive outlook.

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