Lockheed Martin stock holds near recent highs after $1.21 billion missile contract
Published on 09/16/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lockheed Martin Corporation stock (ISIN US5398301094) closed at USD 533.46 on the New York Stock Exchange on September 15, 2026, up 0.77 percent from the prior session as investors continued to react to a major U.S. Army missile contract worth about USD 1.21 billion awarded earlier in the week.
Stock reacts to U.S. Army missile contract
According to Ad-hoc-news on September 15, 2026, the U.S. Army awarded Lockheed Martin a contract worth about USD 1.21 billion for Precision Strike Missile Increment 2 Early Operational Capability, and the shares closed that day at USD 529.38 on the NYSE, gaining USD 5.19 or 0.99 percent from the prior close.
Per price data summarized by Ad-hoc-news, Lockheed Martin stock then finished at USD 533.46 on the NYSE on September 15, 2026 after trading between USD 528.63 and USD 535.00, with volume of 760,329 shares and a daily gain of 0.77 percent, indicating that the positive reaction to the missile award extended beyond the initial announcement.
Recent performance and valuation context
Looking at the short and medium term, CNBC reported on September 15, 2026 that Lockheed Martin is up 0.6 percent over the last three months but down about 19 percent since the start of the war in Iran, highlighting that recent gains still leave the shares below levels seen before that conflict.
On a year-to-date view, Baystreet noted on September 16, 2026 that Lockheed Martin stock is up by about 10.3 percent since the start of 2026, compared with a 6.6 percent gain for peer RTX, suggesting that investors have favored Lockheed Martin slightly more within the U.S. defense sector so far this year.
From a valuation perspective, a discounted cash flow analysis discussed by GuruFocus on September 15, 2026 calculated an earnings-based intrinsic value of USD 483.13 per share and a free cash flow based intrinsic value of USD 575.44 for Lockheed Martin, against a current price of USD 529.38, implying that the shares traded about 9.6 percent above the earnings-based fair value but below the free cash flow based estimate.
Analyst sentiment and upside potential
Analyst expectations still point to potential upside from current levels. As Simply Wall St wrote on September 16, 2026, the analyst consensus price target for Lockheed Martin stands at USD 629.53 per share compared with a current share price referenced at USD 586.29, implying about 6.9 percent upside in the base case, while individual targets range from USD 503.00 on the low end to USD 756.00 on the high end, reflecting differing views on margins and program risks.
The same analysis emphasized that margins on certain legacy and classified programs, along with long term commitments in areas such as missile systems and advanced defense technologies, remain key variables for how quickly earnings can grow, underscoring that investors are balancing strong demand signals like the new Precision Strike Missile contract against execution risks in complex projects.
Price level and investor takeaway
Based on recent NYSE data for Lockheed Martin, the reference closing price of USD 533.46 on September 15, 2026 serves as the latest completed session level in USD, with the shares having gained 0.77 percent on that day and about 10.3 percent since the start of 2026, while still sitting roughly 19 percent below levels seen before the war in Iran. For investors, the combination of a USD 1.21 billion U.S. Army missile order, steady year-to-date gains and a consensus target around USD 629.53 suggests that Lockheed Martin stock remains closely tied to defense spending trends and execution on large programs.
Lockheed Martin stock at a glance
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Trading venue: NYSE
- Price (as of September 15, 2026): 533.46 USD
- Market capitalization: 529.38 USD share reference from NYSE close on September 15, 2026
- Sector / Industry: Aerospace and defense
- Index membership: S&P 500
