Lockheed Martin has recently completed production of F-16 Block 70 fleets for Bulgaria and Slovakia, advanced AI-enabled unmanned systems tests, progressed its Next Generation Interceptor facility in Alabama, and added new European wins including Denmark’s TPY-4 radar and Finland’s first F-35A rollout.
Together these milestones deepen NATO interoperability, reinforce missile-defense and autonomy capabilities, and highlight how Lockheed Martin’s global supply chain and backlog are anchoring its role in allied defense modernization.
We’ll now examine how completing Bulgaria and Slovakia’s F-16 Block 70 fleets may influence Lockheed Martin’s investment narrative and future prospects.
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To own Lockheed Martin, you need to believe that demand for advanced defense platforms and missile defense will keep supporting its large backlog despite recent earnings volatility and program charges. Completing Bulgaria and Slovakia’s F‑16 Block 70 fleets reinforces that thesis but does not materially change the near term picture where cost overruns on complex contracts and budget shifts around programs like the F‑35 remain key risks.
Among the recent announcements, the progress on the Next Generation Interceptor facility in Alabama feels most relevant. It underscores Lockheed Martin’s push into homeland missile defense, which ties directly into one of the core catalysts for the stock: long duration programs linked to U.S. missile defense priorities that can add to backlog and help offset pressure on legacy platforms and classified work.
Yet against these long term missile defense opportunities, investors should be aware of the risk that shifting U.S. and allied budgets could still…
Read the full narrative on Lockheed Martin (it’s free!)
Lockheed Martin’s narrative projects $81.0 billion revenue and $7.1 billion earnings by 2028. This requires 4.1% yearly revenue growth and about a $2.9 billion earnings increase from $4.2 billion today.
Uncover how Lockheed Martin’s forecasts yield a $528.17 fair value, a 11% upside to its current price.
LMT 1-Year Stock Price Chart
Twenty six members of the Simply Wall St Community currently see Lockheed Martin’s fair value between US$389 and US$630, underlining how far opinions can spread. You can weigh those views against the idea that large, multi year missile defense and fighter programs may continue to underpin backlog and earnings, then explore how shifting budget priorities could affect that story over time.