Lockheed Martin stock holds near $589 as defense contracts keep flowing
Published on 08/20/2026 at 16:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lockheed Martin stock is trading at $589.47 as of August 19, 2026, with a market value of $136.04 billion and volume of 1.01 million shares. The latest catalyst is fresh defense work, including more than $152 million in awards and participation in a $920 million Air Force program.
Contracts and backlog
Recent reporting also points to a record $230 billion backlog, which gives investors a hard reference point for the next several quarters. The same coverage says management lifted full-year sales guidance to $79.75 billion to $81.75 billion, a midpoint increase of 8% from the prior framework.
That combination matters because the stock is already sitting close to its 52-week band, which the same market snapshot places between $437.25 and $692.00. A $589.47 close inside that range leaves little room for vague optimism; the next move needs evidence from execution.
Profit and segment mix
The most recent quarter cited in current coverage is the second quarter of 2026, when sales rose 19% and profit increased 24% in Missiles and Fire Control. Across the company, current estimates in the same reporting set put the average target near $633, while one bullish call reached $691.
For investors, the key comparison is simple: sales guidance now runs from $79.75 billion to $81.75 billion, while the business is already carrying a $230 billion backlog. That spread suggests the debate is less about demand and more about how quickly the company converts orders into delivered revenue and cash.
F-35 and missile defense
The company's product mix still centers on the F-35 fighter and missile-defense programs, with current commentary highlighting a production pace near 156 aircraft a year and a larger share of growth coming from munitions and sustainment. Those programs are the clearest bridge between backlog, revenue recognition, and margin stability.
More on Lockheed Martin stock: the market is watching whether higher defense spending translates into a steadier second half, not just more contract announcements. The stock's recent strength has already priced in part of that story.
Lockheed Martin shares now
Lockheed Martin shares closed at $589.47 on August 19, 2026, after trading between $589.04 and $606.07 during the session. The same market data puts the company at a $136.04 billion market cap.
Fact box
Company: Lockheed Martin Corp.
ISIN: US5398301094
Ticker: LMT
Exchange: NYSE
Price (as of August 19, 2026, 4:00 p.m. ET): $589.47 USD
Market cap: $136.04 billion
Sector / Industry: Industrials / Aerospace & Defense
Index membership: S&P 500
