What Are Wall Street Analysts' Target Price for Lockheed Martin Stock?

RTX and Lockheed Martin are key players in the U.S. missile production buildup, with RTX winning a $22.9B Navy deal and Lockheed holding a $58.6B Patriot agreement. Both companies have multi-year contracts. Analysts see 9.26% upside for RTX and 12.20% for Lockheed. Production capacity is a key risk.

Andrew Sather, co-host of The Investing for Beginners Podcast, avoids SpaceX's IPO due to uncertainty and potential insider selling. He prefers profitable space companies: Northrop Grumman (NOC), Lockheed Martin (LMT), and L3Harris (LHX). NOC reported Q2 2026 Space Systems revenue of $2.753B, up 4% YOY. LMT reported Q2 Space revenue of $3.496B, up 6% YOY. LHX reported Space & Mission Systems revenue of $3B, up 7% YOY.

Ultra Maritime demonstrated its Sea Spear passive sonar array and AN/SSQ-125B active sonobuoy integration at the US Navy's Lanternfish 2026 exercise, detecting unmanned underwater vehicles. The company's approach combines existing technologies to provide precise readings. Lockheed Martin agreed to acquire Ultra Maritime for $3.45 billion, adding it to its Rotary and Mission Systems division.

The U.S. approved a potential $2.3B sale of up to 21 UH-60M Black Hawk helicopters to Norway, including engines, equipment, and spares. This follows Norway's reversal of plans to acquire HH-60W helicopters. The deal aims to replace Norway's aging Bell 412 fleet and enhance interoperability with allied forces, according to the U.S. Department of State.

Lockheed Martin informed Bulgaria that delivery of its second batch of F-16 Block 70 fighter jets may be delayed until Q2 2030 due to production issues. Bulgaria's Defense Minister Dimitar Stoyanov prioritized minimizing delays and avoiding additional costs. The first batch is still expected to enter combat duty in 2027. Bulgaria also requested second-hand F-16s to maintain operational capabilities during the transition.

The U.S. approved a $2.3B sale of 21 UH-60M Black Hawk helicopters and related equipment to Norway. The deal includes engines, weapons, and communication systems. Lockheed Martin, Sikorsky is the principal contractor. The sale aims to enhance Norway's military capabilities and interoperability with U.S. forces.