New York, January 15, 2026, 13:08 ET — Regular session underway.
- Lockheed Martin shares held steady in early afternoon trading, following UBS’s decision to raise its price target but maintain a Neutral rating.
- Traders are closely watching a missile-motor spinoff from L3Harris, backed by the Pentagon, as Washington intensifies its focus on the defense supply chain.
- The stock’s next key moment will be Lockheed’s earnings call on Jan. 29.
Lockheed Martin (LMT) shares edged up roughly 0.1% to $573.37 Thursday. UBS lifted its price target on the defense giant to $580 from $513 but maintained a Neutral rating. 1
UBS analyst Gavin Parsons noted in a research brief that defense stocks might move less on upcoming quarterly results and more on policy developments. “Defense and Government IT performance may hinge more on budget and geopolitical narratives than near-term earnings catalysts,” he said. 2
The Pentagon is diving further into the industrial base this week, committing $1 billion to L3Harris’s missile motor unit through convertible preferred equity. The unit is expected to spin off as its own public company by 2026, according to the Financial Times. 3
L3Harris shares surged to new record levels following the announcement, with investors interpreting the move as a sign that Washington is ready to explore innovative ways to boost missile capacity. 4
For Lockheed, the implications are subtler but still clear. A leaner missile supply chain could speed up deliveries, while increased government scrutiny is likely to heighten focus on pricing and how projects are carried out.
Wall Street bounced back Thursday as Taiwan Semiconductor’s optimistic forecast lifted chip stocks, pushing the broader market higher and erasing some recent declines. 5
Lockheed’s shares jumped 2.6% on Wednesday, outperforming several defense rivals while the broader market edged lower. 6
Investors are eyeing Jan. 29 for Lockheed’s fourth-quarter and full-year earnings release, followed by its 8:30 a.m. ET earnings call. CEO Jim Taiclet and CFO Evan Scott will lead the discussion. 7
Attention will center on cash flow, margins, and changes in demand within aircraft, missiles, and space programs. Traders will also tune in to management’s take on production pace and supplier reliability—both hot-button issues in the sector.
One risk: the policy-driven tailwinds boosting the group could just as fast turn around. Budget battles, shifts in procurement, or stricter contractor oversight might sour sentiment, even if the order book remains solid.
Lockheed is trading cautiously, as investors await fresh headlines and solid data. The next major event to watch is the company’s earnings report and commentary due on Jan. 29.
