Lockheed Martin stock gains Swedish HIMARS order as Q2 2026 earnings impress
Published on 09/07/2026 at 19:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lockheed Martin Corporation stock (ISIN US5398301094) is trading around USD 525 on the New York Stock Exchange as of September 4, 2026, roughly 1.4 percent below its prior close, while investors weigh a new Swedish HIMARS order against recently reported strong Q2 2026 earnings figures.Investing.com The stock’s move comes as Sweden agreed on September 7, 2026 to buy Lockheed Martin’s HIMARS artillery rocket system in a deal worth about USD 728.8 million, adding to the group’s already record backlog.Caliber.az For investors, the combination of fresh contract momentum and double digit revenue growth in the latest quarter underscores why the stock remains a core defense holding.
Swedish HIMARS order strengthens backlog
On September 7, 2026 Sweden’s defense ministry confirmed it will acquire Lockheed Martin’s HIMARS rocket artillery system in a contract valued at roughly 7 billion Swedish crowns, equivalent to USD 728.8 million.Caliber.az The deal expands Lockheed Martin’s position in European missile and rocket systems and adds to a reported backlog of about USD 230 billion highlighted in recent coverage of the company.Pluang For shareholders, such multi hundred million dollar export contracts are a tangible driver of long term revenue visibility and support the company’s guidance.
According to a news overview on Sweden’s decision, the HIMARS purchase is part of a broader push to bolster Nordic defense and deepen cooperation with US and allied suppliers, which may open the door to further orders for Lockheed Martin’s missile and rocket portfolio.Devdiscourse The Swedish contract follows other international HIMARS deals and, in the context of an already record USD 230 billion backlog as of Q2 2026, reinforces the picture of sustained demand for the group’s systems.Pluang For investors, this means that even if near term price action remains volatile, the underlying order book continues to grow in both value and geographic reach.
Q2 2026 earnings show double digit revenue growth
Lockheed Martin last reported its quarterly earnings on July 23, 2026, posting Q2 2026 earnings per share (EPS) of USD 7.94, which beat the analysts’ consensus estimate of USD 7.22 by USD 0.72.MarketBeat In the same quarter, revenue reached USD 20.06 billion, above the USD 19.34 billion expected by analysts and up 10.5 percent compared with the same quarter a year earlier.MarketBeat The company delivered a net margin of 8.16 percent and an exceptionally high return on equity of 91.42 percent in Q2 2026, underlining the capital efficiency of its defense and aerospace franchise.MarketBeat
These Q2 2026 figures fit into a broader full year 2026 EPS guidance range of USD 29.95 to USD 30.65, which management has reiterated, implying continued strong profitability across the year.MarketBeat Based on data from a consensus overview, equities analysts currently expect Lockheed Martin to deliver about USD 30.39 EPS for fiscal year 2026, near the upper half of the company’s guidance range.MarketBeat For retail investors, the key takeaway is that Q2 2026 revenue rose by 10.5 percent year on year to USD 20.06 billion while EPS beat expectations by roughly 10 percent, indicating both top line growth and margin discipline in the latest reported quarter.MarketBeat
Dividend, valuation and analyst targets
Lockheed Martin also continues to return cash to shareholders, with a quarterly dividend of USD 3.45 per share that translates into an annualized USD 13.80 dividend and a yield of about 2.6 percent at recent prices.MarketBeat The dividend payout ratio stands at roughly 50.87 percent of earnings, leaving room for reinvestment in programs such as HIMARS, F-35 and missile defense as well as potential future dividend growth.MarketBeat For long term holders, the combination of a mid single digit yield and double digit revenue growth in Q2 2026 is a central part of the investment case.
According to a consensus summary, Lockheed Martin stock currently carries a Hold rating, with a consensus target price of USD 632.39 per share, implying upside of more than USD 100 from the recent price level around USD 525.MarketBeat A comparison note that juxtaposes Lockheed Martin with Bank of Montreal highlights that Lockheed trades at about USD 525.28 with a market capitalization of roughly USD 121.23 billion, very close to its Canadian peer’s USD 122.36 billion market cap.Pluang For investors, that means the defense group is valued in line with large North American financial institutions, but backed by a record backlog and government contracts instead of consumer lending.
Technical picture: stock below recent highs
Market data show that Lockheed Martin stock closed at USD 525.28 on September 4, 2026, down 1.44 percent on the day, with an intraday range between USD 524.03 and USD 533.72.Investing.com Technical analysis based on daily moving averages flags a bearish configuration, with short term simple and exponential moving averages above the current price, and a classic pivot level around USD 532.72 as of early September 2026.FXEmpire For investors who look at charts, this places the stock roughly USD 36.7 below a recent August 7, 2026 closing level of USD 587.95, highlighting that the share price has pulled back about 10.4 percent from that high while fundamentals and contract wins have continued to improve.Investing.com
Quote data from a trading platform indicate that on September 7, 2026 Lockheed Martin is trading at about USD 526.23, with intraday lows near USD 524.03 and highs around USD 533.77 and a volume of nearly 946,600 shares, close to its average daily volume of roughly 961,200 shares.Robinhood That price level leaves the stock modestly above its intraday low but still about 1.4 percent below the session’s peak, consistent with the cautious technical tone described by chart based services.FXEmpire From a medium term perspective, this positioning below the August 7, 2026 price of USD 587.95 but backed by a record USD 230 billion backlog creates room for the stock to re rate if contract flow remains strong and earnings stay on track.Investing.comPluang
HIMARS as a flagship product
One of Lockheed Martin’s flagship products in the current news, the High Mobility Artillery Rocket System (HIMARS), is a truck mounted launcher designed to fire precision guided rockets and missiles at long range targets, often used in modern land warfare and deterrence missions.Caliber.az The Swedish order announced on September 7, 2026 adds to previous HIMARS deployments among NATO and allied nations, reinforcing the system’s role as a standard solution for long range rocket artillery.Devdiscourse For investors, HIMARS is significant because it exemplifies the type of high value, multi year program that fills Lockheed Martin’s USD 230 billion backlog and can generate recurring revenue from upgrades, munitions resupply and training over time.Pluang
Stock price and market data
As of September 7, 2026, Lockheed Martin stock is quoted around USD 526 on the New York Stock Exchange, with recent data showing a prior close of USD 525.28 on September 4, 2026 and a daily change of roughly 1.4 percent on that prior trading day.Investing.comRobinhood The company’s market capitalization is about USD 121.2 billion at this price level, placing it among the largest US defense contractors by equity value.Robinhood For investors, this combination of a triple digit billion market cap, a 2.6 percent dividend yield and strong Q2 2026 revenue growth sets the backdrop against which new contracts such as Sweden’s HIMARS deal are being priced in by the market.
Lockheed Martin stock key data
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Trading venue: NYSE
- Price (as of September 7, 2026): 526.23 USD
- Market capitalization: 121.20 billion USD (as of September 7, 2026)
- Sector / Industry: Aerospace and defense
- Index membership: S&P 500
