Is Lockheed Martin stock a buy after rocketing 8%?
Photo: Finbold
Lockheed Martin (NYSE: LMT ) stock went balistic on Thursday, October 22, after the company announced terrific third-quarter 2026 results, beating both revenue and earnings Street expectations. The defense contractor posted quarterly revenue of $20.71 billion, up approximately 11% year over year, surpassing analyst expectations of around $20.46 billion. Net earnings rose to approximately $1.85 billion, or $7.97 per share, compared with $6.95 per share in the same period last year. Growth was led by the Missiles and Fire Control division, where revenue increased 24%, driven by higher production of PAC-3 and THAAD missile defense systems.
Source: Finbold
