Is Lockheed Martin (NYSE:LMT) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Lockheed Martin at current levels.
The F-35 cash cow is misunderstood as a sunset asset right when missile and space backlogs are quietly compounding.
Where LMT is headed
By the back half of 2027, Lockheed's revenue mix will look different from the one investors are still pricing. Aeronautics remains the headline, but the growth engine has moved underneath it. Missiles and Fire Control is running flat-out on PAC-3, JASSM, LRASM, GMLRS and THAAD interceptor reloads, with multi-year production expansions that were funded in the FY26 supplemental still ramping through 2027. Space is rebuilding around proliferated LEO constellations, missile-warning birds for SDA, and the early stages of a Golden Dome architecture that finally puts real money behind layered homeland defense. None of this shows up cleanly in a single quarter, which is precisely why the stock trades at 15.7x forward earnings while RTX and GD trade at premiums.
Read the full Compass Direction on LMT
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios.
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Frequently asked questions
Is Lockheed Martin (NYSE:LMT) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Lockheed Martin at current levels. The F-35 cash cow is misunderstood as a sunset asset right when missile and space backlogs are quietly compounding.
What is LMT's Compass Score?
Lockheed Martin scores 50/100 on Alexandria's Compass, placing it in the "Neutral" tier. Scores blend eight factors and update weekly.
What is the price target for LMT?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the LMT page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.