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Lockheed Martin rated buy on $230B backlog and strong growth in missile, air defense, and F-35 programs.

Analyst Insights
05 Sep 2026
Seeking Alpha
View Source
Bullish
Lockheed Martin rated buy on $230B backlog and strong growth in missile, air defense, and F-35 programs.

Lockheed Martin received a buy rating driven by its record $230 billion backlog and strong growth across multiple business segments, including missile and air defense programs like PAC-3 and THAAD. The F-35 program continues to be a major revenue and sustainment source. The company’s valuation is attractive, trading at a discount to peers with a forward P/E of 17.44x and EV/EBITDA of 12.37x, despite robust growth prospects. This positions Lockheed Martin well for long-term revenue visibility and expansion.

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Lockheed Martin remains a buy despite recent pullback, with strong long-term demand and attractive valuation.

Lockheed Martin remains a buy despite recent pullback, with strong long-term demand and attractive valuation.

Lockheed Martin's stock has pulled back 11% since July, but it remains a buy due to strong long-term demand and a discounted valuation compared to its historical average and industry peers. The company expects sales growth to accelerate in 2026 after...

Company Fundamentals
Bullish
1 day ago
Boeing wins $14.7B contract to triple PAC-3 missile seeker production over 7 years

Boeing wins $14.7B contract to triple PAC-3 missile seeker production over 7 years

Boeing received a $14.7 billion contract from Lockheed Martin to triple production of PAC-3 Missile Segment Enhancement seekers over seven years. This increase supports the U.S. Department of War's strategy to enhance national defense capabilities by...

Market News
Bullish
2 days ago
Lockheed Martin raises dividend for 23 years amid Pentagon contracts but faces cash flow risks.

Lockheed Martin raises dividend for 23 years amid Pentagon contracts but faces cash flow risks.

Lockheed Martin has increased its dividend for 23 consecutive years, supported mainly by U.S. government contracts. Despite a record backlog of $230.42 billion and strong free cash flow guidance for 2026, recent quarters revealed risks with negative ...

Market News
Neutral
4 days ago
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