Lockheed Martin stock gains as missile contract reaches USD 1.2 billion

Published on 09/22/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lockheed Martin stock closed at USD 535.29 on September 21, 2026, up 0.36 percent. Second-quarter revenue reached USD 20.06 billion.

Rüstungswerk mit Hangar, Radarturm und unmarkiertem Kampfjet in der Abenddämmerung — Fotorealistische Werksanlage von Lockheed Martin (ISIN US5398301094) mit Hangar und unmarkiertem Tarnkappenjet bei Dämmerung, Illustration mit AI erstellt.

Lockheed Martin stock closed at USD 535.29 on the New York Stock Exchange on September 21, 2026, gaining 0.36 percent from the previous close. The move followed a U.S. Army contract worth up to USD 1.2 billion for the company's Precision Strike Missile, according to Reuters on September 21, 2026.

Missile award adds backlog visibility

The indefinite delivery, indefinite quantity award covers initial procurement, future orders, follow-on production and continued development of the Precision Strike Missile Increment 2. Reuters reported on September 21, 2026, that the contract has a maximum value of USD 1.2 billion, making it a material order for Lockheed Martin's missiles and fire-control business.

The award also expands the program beyond its existing long-range precision-strike role. The Increment 2 version is designed to address moving land and maritime targets, according to Investing.com on September 21, 2026.

Second-quarter numbers set the benchmark

Lockheed Martin reported USD 20.06 billion in revenue for the quarter ended June 30, 2026, compared with USD 18.16 billion in the year-earlier quarter. That USD 1.90 billion increase represents revenue growth of about 10.5 percent, while quarterly earnings per share rose to USD 7.94 from USD 1.46, according to finanzen.ch on September 21, 2026.

The next reported checkpoint is scheduled for October 27, 2026, when Lockheed Martin is expected to present third-quarter results, the same report states. For the stock, the contrast between a USD 1.2 billion maximum contract and the prior quarter's USD 1.90 billion year-over-year revenue increase makes order conversion and delivery timing the central operating questions.

Stock remains below yearly peak

The September 21 closing price of USD 535.29 stood below the 52-week high of USD 692.00 and above the 52-week low of USD 437.25. MarketBeat reported volume of 965,789 shares and market capitalization of USD 123.54 billion for the same quote snapshot.

Lockheed Martin stock closed at USD 535.29 on the New York Stock Exchange as of September 21, 2026. The market capitalization was USD 123.54 billion on that date.