NEW YORK, January 10, 2026, 06:38 (ET) — Market closed
- Lockheed Martin shares ended Friday up 4.7% at $542.92 after a Truist upgrade.
- Trump’s $1.5 trillion 2027 defense-budget call and a new contracting crackdown have driven sharp swings in the group.
- Investors next look to Jan. 29 results for cash-flow and capital-return signals.
Lockheed Martin (LMT.N) closed up 4.7% on Friday at $542.92 after Truist analyst Michael Ciarmoli upgraded the stock to “buy” and raised his price target to $605 from $500. (Barron’s)
The jump comes after U.S. President Donald Trump called for a $1.5 trillion U.S. military budget in fiscal 2027, far above the $901 billion Congress approved for 2026, a move that would still need lawmakers to sign off. Lockheed was up 6.2% in after-hours trade after the post, with peers General Dynamics and RTX also higher, Reuters reported. (Reuters)
Defense contractors are also seeking legal advice after Trump signed an executive order that links dividends, share buybacks — when a company repurchases its own stock — and executive pay to weapons delivery schedules, Reuters reported. Morgan Stanley analyst Kristine Liwag called the twin messages “carrots and sticks,” while federal contracting lawyer Franklin Turner said “many contractors are going to get a nasty letter.” (Reuters)
Separately, the U.S. Navy awarded Lockheed Martin Rotary and Missions Systems a $22.6 million contract modification tied to the AN/SLQ-32(V)6 program for Canada under Foreign Military Sales, the U.S. government’s framework for allied purchases. Work is expected to run through January 2027, with options that could extend it through January 2029, a War Department posting showed. (U.S. Department of War)
Lockheed’s latest close leaves it within a few dollars of its 52-week high of $546.07, with the low over that stretch at $410.11, according to Investing.com data. (Investing)
But the policy mix cuts both ways. A bigger Pentagon top line could lift demand, yet tighter rules around payouts and pay add another layer of uncertainty — and any budget surge still has to clear Congress.
Lockheed will publish fourth-quarter and full-year 2025 results before the market opens on Jan. 29 and host an 8:30 a.m. ET conference call, the company said. Investors will listen for 2026 cash generation and any shift in capital-return plans as Washington leans harder on delivery performance. (Media – Lockheed Martin)
