Lockheed Martin Reports Second Quarter 2026 Financial Results
BETHESDA, Md., July 23, 2026 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today reported second quarter 2026 sales of $20.1 billion, compared to $18.2 billion in the second quarter of 2025. Net earnings in the second quarter of 2026 were $1.8 billion, or $7.94 per share, compared to $342 million, or $1.46 per share, including $1.6 billion of program losses and $169 million of other charges, in the second quarter of 2025. Cash from operations was $3.2 billion in the second quarter of 2026, compared to $201 million in the second quarter of 2025. Free cash flow was $2.9 billion in the second quarter of 2026, compared to $(150) million in the second quarter of 2025.
"We delivered strong second‑quarter performance, with over $20 billion in sales – a year‑over‑year increase of 11% – free cash flow of $2.9 billion, and $65 billion of new orders, which takes our backlog to a record $230 billion. This continued performance reflects more than just increased customer demand – it is evidence that our 21st Century Security ® strategy, and its focus on integration, partnerships and operational excellence is working, resulting in increased business, and advancing the security needs of our nation and allies. We are delivering on our strategy, achieving a higher trajectory for our business and giving us confidence to raise our full year financial guidance. We now anticipate accelerated year‑over‑year sales growth of approximately 8%, driving 28% higher segment operating profit, and increased free cash flow, now projected to be over $7 billion," said Lockheed Martin Chairman, President and CEO Jim Taiclet.
"These results are powered by consistent performance on the commitments we've made and by our investments to support the missions our customers will face next. Over the quarter, we took a major step forward in transforming munitions production, putting the framework agreements we announced earlier this year into action by signing a $35 billion multi-year contract with the Missile Defense Agency for THAAD. We continue to innovate at the speed our customers' missions demand, taking our Sanctum counter-drone system from concept to successful live fire testing in just 45 days by combining a battle manager, radar, launcher, and combat-proven missile into one engagement chain. And, we are investing strategically to strengthen global defense manufacturing capabilities through our collaboration with General Motors Defense in the U.S. and our agreement with Rheinmetall to co-produce ATACMS in Europe."
Summary Financial Results
(in millions, except per share data)
Quarters Ended
Six Months Ended
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
Sales
$ 20,063
$ 18,155
$ 38,084
$ 36,118
Business segment operating profit 1
$ 2,162
$ 571
$ 3,985
$ 2,656
Unallocated items
FAS/CAS pension operating adjustment
422
379
843
758
Impairment and other charges
—
(66)
—
(66)
Intangible asset amortization expense
(50)
(63)
(100)
(127)
Other, net 2
(55)
(73)
(186)
(101)
Total unallocated items
317
177
557
464
Consolidated operating profit
$ 2,479
$ 748
$ 4,542
$ 3,120
Net earnings
$ 1,836
$ 342
$ 3,324
$ 2,054
Diluted earnings per share
$ 7.94
$ 1.46
$ 14.38
$ 8.75
Cash from operations
$ 3,235
$ 201
$ 3,455
$ 1,610
Capital expenditures
(318)
(351)
(829)
(805)
Free cash flow 1
$ 2,917
$ (150)
$ 2,626
$ 805
1
Business segment operating profit and free cash flow are non-GAAP measures. See the "Use of Non-GAAP Financial Measures" section of this news
release for more information.
2
Other, net for the quarters ended June 28, 2026 and June 29, 2025 included net gains of $36 million ($27 million, or $0.12 per share, after-tax)
and $18 million ($14 million,or $0.06 per share, after tax) due to changes in fair value of net assets and liabilities for deferred compensation plans.
Sales: Second quarter 2026 sales increased $1.9 billion, or 11%, driven by growth across all segments reflecting increased volume and munitions ramps.
Consolidated Operating Profit: Second quarter 2026 consolidated operating profit increased $1.7 billion largely driven by combined prior year reach-forward losses of $1.6 billion on a classified program at Aeronautics, and on the Canadian Maritime Helicopter Program (CMHP) and the Turkish Utility Helicopter Program (TUHP) at Rotary and Mission Systems; prior year write-off of $66 million for fixed assets; and a $43 million increase in the FAS/CAS operating adjustment.
Business Segment Operating Profit: Second quarter 2026 business segment operating profit increased $1.6 billion due to the prior year reach-forward losses described above and munition ramps at Missiles and Fire Control.
Net Earnings and Diluted EPS: Second quarter 2026 net earnings increased $1.5 billion and diluted earnings per share increased $6.48 primarily due to higher consolidated operating profit of $1.7 billion described above, partially offset by a $267 million increase in income tax expense.
Cash Flows: Second quarter 2026 cash from operations and free cash flows increased $3.0 billion primarily due to the timing of customer receipts and lower tax payments. The company's cash activities during the second quarter of 2026 included capital expenditures of $318 million and independent research and development of $558 million.
2026 Financial Outlook
The following guidance table contains forward-looking statements, which are based on the company's expectations at the time of this news release. Actual results may differ materially from those projected. It is the company's practice not to incorporate adjustments in its financial outlook for proposed acquisitions (such as the recently announced agreement to acquire Ultra Maritime), divestitures, joint ventures, changes in tax laws, or special items until such items have been consummated or enacted. Refer to the "Forward-Looking Statements" section contained in this press release and Form 10-Q for factors that may impact the company's ability to achieve guidance or meet expectations.
(in millions, except per share data)
Current Update
April 2026
Sales
~$79,750 - $81,750
$77,500 - $80,000
Business segment operating profit 1
~$8,500 - $8,700
$8,425 - $8,675
Total FAS/CAS pension adjustment
~$1,365
~$1,365
Diluted earnings per share
~$29.95 - $30.65
$29.35 - $30.25
Cash from operations
~$9,200 - $9,400
$9,150 - $9,450
Capital expenditures
~$2,000 - $2,400
$2,500 - $2,800
Free cash flow 1
~$7,000 - $7,200
$6,500 - $6,800
1
Business segment operating profit and free cash flow are non-GAAP measures. See the "Use of Non-GAAP Financial Measures" section of this
news release for more information.
Segment Results
(in millions)
Quarters Ended
Six Months Ended
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
Sales
Aeronautics
$ 8,112
$ 7,420
$ 15,065
$ 14,477
Missiles and Fire Control
4,101
3,433
7,750
6,806
Rotary and Mission Systems
4,354
3,995
8,345
8,323
Space
3,496
3,307
6,924
6,512
Total sales
$ 20,063
$ 18,155
$ 38,084
$ 36,118
Operating profit (loss)
Aeronautics
$ 760
$ (98)
$ 1,379
$ 622
Missiles and Fire Control
594
479
1,094
944
Rotary and Mission Systems
437
(172)
860
349
Space
371
362
652
741
Total business segment operating profit
2,162
571
3,985
2,656
Unallocated items
FAS/CAS operating adjustment
422
379
843
758
Impairment and other charges
—
(66)
—
(66)
Intangible asset amortization expense
(50)
(63)
(100)
(127)
Other, net
(55)
(73)
(186)
(101)
Total unallocated items
317
177
557
464
Total consolidated operating profit
$ 2,479
$ 748
$ 4,542
$ 3,120
Aeronautics
(in millions)
Quarters Ended
Six Months Ended
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
Sales
$ 8,112
$ 7,420
$ 15,065
$ 14,477
Operating profit (loss)
760
(98)
1,379
622
Operating margin
9.4 %
(1.3 %)
9.2 %
4.3 %
Second quarter 2026 sales increased $692 million, or 9%, compared to the second quarter of 2025. The increase was primarily due to higher sales of $475 million on the F‑35 program as a result of higher volume on production contracts, and $360 million due to the sales impact of the reach-forward loss recognized on a classified contract in 2025. These increases were partially offset by lower sales of $120 million on F-16 and C-130 programs due to lower volume on sustainment contracts.
Second quarter 2026 operating profit increased $858 million compared to the second quarter of 2025. The increase was attributable to the $950 million reach-forward loss recognized on a classified contract in 2025, and higher sales volume on F-35 production contracts. The increases were partially offset by $160 million of lower net favorable profit adjustments across the portfolio.
Missiles and Fire Control
(in millions)
Quarters Ended
Six Months Ended
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
Sales
$ 4,101
$ 3,433
$ 7,750
$ 6,806
Operating profit
594
479
1,094
944
Operating margin
14.5 %
14.0 %
14.1 %
13.9 %
Second quarter 2026 sales increased $668 million, or 19%, compared to the second quarter of 2025. The increase was primarily attributable to higher sales of $560 million on integrated air and missile defense programs due to production ramps (PAC-3 and THAAD), and $100 million on tactical and strike missile programs due to production ramps (Precision Strike Missile (PrSM)).
Second quarter 2026 operating profit increased $115 million, or 24%, compared to the second quarter of 2025. The increase was primarily attributable to higher sales volume previously described, and $60 million due to higher net favorable profit adjustments.
Rotary and Mission Systems
(in millions)
Quarters Ended
Six Months Ended
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
Sales
$ 4,354
$ 3,995
$ 8,345
$ 8,323
Operating profit (loss)
437
(172)
860
349
Operating margin
10.0 %
(4.3 %)
10.3 %
4.2 %
Second quarter 2026 sales increased $359 million, or 9%, compared to the second quarter of 2025. The increase was attributable to higher sales of $255 million on Sikorsky helicopter programs due to the sales impact of the reach-forward loss recognized on the Canadian Maritime Helicopter Program (CMHP) and the Türkish Utility Helicopter Program (TUHP) in 2025, and $115 million on Mission Integrated Command & Control (MIC2) programs due to higher volume on undersea combat systems programs and the River Class Destroyer program.
Second quarter 2026 operating profit increased $609 million compared to the second quarter of 2025. The increase was attributable to the $570 million reach-forward loss recognized on the CMHP program and the $95 million reach-forward loss recognized on the TUHP program in 2025. This increase was offset by unfavorable profit adjustments of $65 million on Heavy Lift and $50 million on Seahawk programs, partially offset by higher net favorable profit adjustments across the portfolio.
Space
(in millions)
Quarters Ended
Six Months Ended
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
Sales
$ 3,496
$ 3,307
$ 6,924
$ 6,512
Operating profit
371
362
652
741
Operating margin
10.6 %
10.9 %
9.4 %
11.4 %
Second quarter 2026 sales increased $189 million, or 6%, compared to the second quarter of 2025. The increase was primarily attributable to higher sales of $190 million on strategic and missile defense programs due to increased volume (Fleet Ballistic Missile (FBM) and Next Generation Interceptor (NGI)).
Second quarter 2026 operating profit was comparable to the second quarter of 2025.
Income Taxes
The company's effective income tax rates were 15.7% and 18.0% for the quarters ended June 28, 2026 and June 29, 2025. The lower effective income tax rate for the quarter ended June 28, 2026 was primarily attributable to lower interest expense on the company's uncertain tax position and the reach-forward losses recognized in 2025. The rates for all periods benefited from the tax deductions for foreign derived deduction eligible income, research and development tax credits, dividends paid to the company's defined contribution plans with an employee stock ownership plan feature and employee equity awards.
On February 18, 2026, the U.S. Department of Treasury issued Notice 2026-7 (the Notice) providing additional interim guidance regarding the application of the CAMT. As a result of the One Big Beautiful Bill Act (the Tax Act) and the Notice, the company is no longer subject to CAMT this year and expects to make reduced federal income tax payments for 2026.
Use of Non-GAAP Financial Measures
This news release contains the following non-generally accepted accounting principles (non-GAAP) financial measures (as defined by U.S. Securities and Exchange Commission (SEC) Regulation G). While management believes that these non-GAAP financial measures may be useful in evaluating the financial performance of the company, this information should be considered supplemental to, and not a substitute for, financial information prepared in accordance with GAAP. In addition, the company's definitions for non-GAAP financial measures may differ from similarly titled measures used by other companies or analysts.
Business segment operating profit
Business segment operating profit represents operating profit from the company's business segments before unallocated income and expense. This measure is used by the company's senior management in evaluating the performance of its business segments and is a performance goal in the company's annual incentive plan. Business segment operating margin is calculated by dividing business segment operating profit by sales. The table below reconciles the non-GAAP measure business segment operating profit with the most directly comparable GAAP financial measure, consolidated operating profit.
(in millions)
Current Update
April 2026
Business segment operating profit (non-GAAP)
~$8,500 - $8,700
$8,425 - $8,675
FAS/CAS operating adjustment 1
~1,685
~1,685
Intangible asset amortization expense
~(200)
~(200)
Other, net
~(490)
~(475)
Consolidated operating profit (GAAP)
~$9,495 - $9,695
$9,435 - $9,685
1
Reflects the amount by which total CAS pension cost of $1.7 billion exceeds FAS pension service cost
and excludes non-service FAS pension expense. Refer to the supplemental table "Selected Financial Data"
included in this news release for a detail of the FAS/CAS operating adjustment.
Free cash flow
Free cash flow is a non-GAAP financial measure that the company defines as cash from operations less capital expenditures. The company's capital expenditures are comprised of equipment and facilities infrastructure and information technology (inclusive of costs for the development or purchase of internal-use software that are capitalized). The company uses free cash flow to evaluate its business performance and overall liquidity. While management believes that free cash flow as a non-GAAP financial measure may be useful in evaluating the company's financial performance, it should be considered supplemental to, and not a substitute for, financial information prepared in accordance with GAAP and may not be comparable to similarly titled measures used by other companies.
Webcast and Conference Call Information
Lockheed Martin Corporation will webcast live the earnings results conference call (listen-only mode) on Thursday, July 23, 2026, at 8:30 a.m. ET on the Lockheed Martin Investor Relations website at www.lockheedmartin.com/investor. The accompanying presentation slides and relevant financial charts are also available at www.lockheedmartin.com/investor.
For additional information, visit the company's website: www.lockheedmartin.com.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.lockheedmartin.com.
Forward-Looking Statements
This news release contains statements that, to the extent they are not recitations of historical fact, constitute forward-looking statements within the meaning of the federal securities laws, and are based on Lockheed Martin's current expectations and assumptions. The words "believe," "estimate," "anticipate," "project," "intend," "expect," "plan," "outlook," "scheduled," "forecast" and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties. Actual results may differ materially due to factors such as:
These are only some of the factors that may affect the forward-looking statements contained in this news release. For a discussion identifying additional important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, see the company's filings with the U.S. Securities and Exchange Commission including, but not limited to, "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in the company's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q. The company's filings may be accessed through the Investor Relations page of its website, www.lockheedmartin.com/investor, or through the website maintained by the SEC at www.sec.gov.
The company's actual financial results likely will be different from those projected due to the inherent nature of projections. Given these uncertainties, forward-looking statements should not be relied on in making investment decisions. The forward-looking statements contained in this news release speak only as of the date of its issuance. Except where required by applicable law, the company expressly disclaims a duty to provide updates to forward-looking statements after the date of this news release to reflect subsequent events, changed circumstances, changes in expectations, or the estimates and assumptions associated with them. The forward-looking statements in this news release are intended to be subject to the safe harbor protection provided by the federal securities laws.
Lockheed Martin Corporation
Consolidated Statements of Earnings 1
(unaudited; in millions, except per share data)
Quarters Ended
Six Months Ended
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
Sales
$ 20,063
$ 18,155
$ 38,084
$ 36,118
Operating costs and expenses
(17,617)
(17,421)
(33,560)
(33,061)
Gross profit
2,446
734
4,524
3,057
Other income, net
33
14
18
63
Operating profit 2
2,479
748
4,542
3,120
Interest expense
(266)
(274)
(535)
(542)
Non-service FAS pension expense
(80)
(99)
(160)
(197)
Other non-operating income, net
45
42
105
72
Earnings before income taxes
2,178
417
3,952
2,453
Income tax expense
(342)
(75)
(628)
(399)
Net earnings
$ 1,836
$ 342
$ 3,324
$ 2,054
Effective tax rate
15.7 %
18.0 %
15.9 %
16.3 %
Earnings per common share
Basic
$ 7.98
$ 1.46
$ 14.45
$ 8.78
Diluted
$ 7.94
$ 1.46
$ 14.38
$ 8.75
Weighted average shares outstanding
Basic
230.2
233.5
230.1
234.0
Diluted
231.1
234.3
231.1
234.8
Common shares reported in stockholders'
equity at end of period
230
232
1
The company closes its books and records on the last Sunday of the calendar quarter to align its financial closing with its business processes, which was on June 28, for the second quarter of 2026 and June 29, for the second quarter of 2025. The consolidated financial statements and tables of financial information included herein are labeled based on that convention. This practice only affects interim periods, as the company's fiscal year ends on Dec. 31.
2
As previously described, operating profit for the quarter ended June 29, 2025 included losses of $950 million ($713 million, or $3.04 per share, after-tax) on a classified program at its Aeronautics business segment, and $570 million ($428 million, or $1.83 per share, after-tax) on CMHP and $95 million ($71 million, or $0.30 per share, after-tax) on TUHP at its RMS business segment.
Lockheed Martin Corporation
Business Segment Summary Operating Results
(unaudited; in millions)
Quarters Ended
Six Months Ended
June 28,
2026
June 29,
2025
%
Change
June 28,
2026
June 29,
2025
%
Change
Sales
Aeronautics
$ 8,112
$ 7,420
9 %
$ 15,065
$ 14,477
4 %
Missiles and Fire Control
4,101
3,433
19 %
7,750
6,806
14 %
Rotary and Mission Systems
4,354
3,995
9 %
8,345
8,323
— %
Space
3,496
3,307
6 %
6,924
6,512
6 %
Total sales
$ 20,063
$ 18,155
11 %
$ 38,084
$ 36,118
5 %
Operating profit (loss)
Aeronautics 1
$ 760
$ (98)
NM*
$ 1,379
$ 622
122 %
Missiles and Fire Control
594
479
24 %
1,094
944
16 %
Rotary and Mission Systems 2
437
(172)
NM*
860
349
146 %
Space
371
362
2 %
652
741
(12 %)
Total business segment operating profit
2,162
571
279 %
3,985
2,656
50 %
Unallocated items
FAS/CAS operating adjustment
422
379
843
758
Impairment and other charges
—
(66)
—
(66)
Intangible asset amortization expense
(50)
(63)
(100)
(127)
Other, net
(55)
(73)
(186)
(101)
Total unallocated items
317
177
79 %
557
464
20 %
Total consolidated operating profit
$ 2,479
$ 748
231 %
$ 4,542
$ 3,120
46 %
Operating margin
Aeronautics
9.4 %
(1.3 %)
9.2 %
4.3 %
Missiles and Fire Control
14.5 %
14.0 %
14.1 %
13.9 %
Rotary and Mission Systems
10.0 %
(4.3 %)
10.3 %
4.2 %
Space
10.6 %
10.9 %
9.4 %
11.4 %
Total business segment operating margin
10.8 %
3.1 %
10.5 %
7.4 %
Total consolidated operating margin
12.4 %
4.1 %
11.9 %
8.6 %
1
As previously described, operating profit for the quarter ended June 29, 2025 included losses of $950 million ($713 million, or $3.04 per share, after-tax) at its Aeronautics business segment.
2
As previously described, operating profit for the quarter ended June 29, 2025 included losses of $570 million ($428 million, or $1.83 per share, after-tax) on CMHP and $95 million ($71 million, or $0.30 per share, after-tax) on TUHP at its RMS business segment.
*
NM - not meaningful
Lockheed Martin Corporation
Consolidated Balance Sheets
(in millions, except par value)
June 28,
2026
Dec. 31,
2025
(unaudited)
Assets
Current assets
Cash and cash equivalents
$ 3,791
$ 4,121
Receivables, net
3,356
3,901
Contract assets
16,038
13,001
Inventories
4,411
3,524
Other current assets
805
815
Total current assets
28,401
25,362
Property, plant and equipment, net
11,390
11,292
Goodwill
11,298
11,314
Intangible assets, net
1,787
1,887
Deferred income taxes
2,414
2,975
Other noncurrent assets
7,160
7,010
Total assets
$ 62,450
$ 59,840
Liabilities and equity
Current liabilities
Accounts payable
$ 4,915
$ 3,630
Salaries, benefits and payroll taxes
3,003
3,184
Contract liabilities
12,151
11,440
Current maturities of long-term debt
—
1,168
Other current liabilities
3,740
3,913
Total current liabilities
23,809
23,335
Long-term debt, net
20,538
20,532
Accrued pension liabilities
3,931
3,915
Other noncurrent liabilities
5,404
5,337
Total liabilities
53,682
53,119
Stockholders' equity
Common stock, $1 par value per share
230
229
Additional paid-in capital
247
—
Retained earnings
15,759
14,034
Accumulated other comprehensive loss
(7,468)
(7,542)
Total stockholders' equity
8,768
6,721
Total liabilities and equity
$ 62,450
$ 59,840
Lockheed Martin Corporation
Consolidated Statements of Cash Flows
(unaudited; in millions)
Six Months Ended
June 28,
2026
June 29,
2025
Operating activities
Net earnings
$ 3,324
$ 2,054
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization
798
796
Stock-based compensation
180
141
Deferred income taxes
538
(561)
Impairment and other charges
—
66
Reach-forward losses on select programs
—
1,615
Qualified defined benefit pension plans
184
223
Changes in assets and liabilities
Receivables, net
545
(955)
Contract assets
(3,037)
(2,178)
Inventories
(887)
(461)
Accounts payable
1,409
1,500
Contract liabilities
711
(360)
Income taxes
43
251
Other, net
(353)
(521)
Net cash provided by operating activities
3,455
1,610
Investing activities
Capital expenditures
(829)
(805)
Other, net
(61)
(340)
Net cash used for investing activities
(890)
(1,145)
Financing activities
Repayments of long-term debt
(1,168)
(142)
Proceeds from commercial paper, net
—
1,449
Repurchases of common stock
—
(1,250)
Dividends paid
(1,612)
(1,567)
Other, net
(115)
(145)
Net cash used for financing activities
(2,895)
(1,655)
Net change in cash and cash equivalents
(330)
(1,190)
Cash and cash equivalents at beginning of period
4,121
2,483
Cash and cash equivalents at end of period
$ 3,791
$ 1,293
Lockheed Martin Corporation
Selected Financial Data
(unaudited; in millions)
2026
Outlook
2025
Actual
Total FAS pension expense and CAS cost
FAS pension expense
$ (370)
$ (924)
Less: CAS pension cost
1,735
1,568
Total FAS/CAS pension adjustment
$ 1,365
$ 644
Less: pension settlement charge
—
479
Total FAS/CAS pension adjustment - adjusted 1
$ 1,365
$ 1,123
Service and non-service cost reconciliation
FAS pension service cost
$ (50)
$ (50)
Less: CAS pension cost
1,735
1,568
FAS/CAS pension operating adjustment
1,685
1,518
Non-service FAS pension expense
(320)
(874)
Total FAS/CAS pension adjustment
$ 1,365
$ 644
Less: pension settlement charge
—
479
Total FAS/CAS pension adjustment - adjusted 1
$ 1,365
$ 1,123
1
The cost components in the table above relate only to the company's qualified defined benefit pension plans. The company recognized a
noncash, non-operating pretax settlement charge of $479 million in the fourth quarter of 2025.
Lockheed Martin Corporation
Other Financial and Operating Information
(unaudited; in millions, except for aircraft deliveries and weeks)
Backlog
June 28,
2026
Dec. 31,
2025
Aeronautics
$ 54,356
$ 59,435
Missiles and Fire Control
87,882
46,650
Rotary and Mission Systems
48,454
47,715
Space
39,724
39,822
Total backlog
$ 230,416
$ 193,622
Quarters Ended
Six Months Ended
Aircraft Deliveries
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
F-35
19
50
51
97
F-16
2
3
2
7
C-130J
7
1
8
2
Government helicopter programs
16
24
35
33
Commercial helicopter programs
—
—
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1
Number of Weeks in Reporting Period 1
2026
2025
First quarter
12
13
Second quarter
13
13
Third quarter
13
13
Fourth quarter
14
13
1
Calendar quarters are typically comprised of 13 weeks. However, the company closes its books and records on the last Sunday of each month, except for the month of Dec., as its fiscal year ends on Dec. 31. As a result, the number of weeks in a reporting quarter may vary slightly during the year and for comparable prior year periods.
SOURCE Lockheed Martin