Lockheed Martin Corporation (LMT) Q3 FY2026 8-K Filings and Company Events

Filings that contain financial statements

Each earnings 8-K below furnishes an Exhibit 99.1 news release that includes consolidated statements of earnings, balance sheets and statements of cash flows (condensed), plus segment results and backlog tables. They are useful for tracing quarterly figures to a source filing.

• Form 8-K filed October 22, 2026, accession 0001628280-26-066780: third quarter and nine months ended September 27, 2026 (statements of earnings, balance sheet, cash flows).
• Form 8-K filed July 23, 2026, accession 0001628280-26-049277: second quarter and six months ended June 28, 2026.
• Form 8-K filed April 23, 2026, accession 0001628280-26-026683: first quarter ended March 29, 2026.
• Form 8-K filed January 29, 2026, accession 0001628280-26-003970: fourth quarter and full year ended December 31, 2025.
• Prior-year comparatives: Form 8-K filed October 21, 2025 (0001628280-25-045582, third quarter 2025), July 22, 2025 (0001628280-25-035502, second quarter 2025) and April 22, 2025 (0000936468-25-000031, first quarter 2025).

Latest quarter: third quarter 2026 results (October 22, 2026)

Form 8-K, accession 0001628280-26-066780 (Item 2.02, Exhibit 99.1).

• Sales rose 11% to $20.7 billion ($20,711 million versus $18,609 million). Net earnings were $1,845 million, or $7.97 per diluted share, versus $1,619 million, or $6.95. All four segments grew sales year over year.
• Cash from operations was $3.4 billion and free cash flow $3.0 billion, versus $3.7 billion and $3.3 billion a year earlier. The release attributes the decline to higher customer receipts in the third quarter of 2025.
• Backlog reached a record $292.0 billion, up 27% from the second quarter of 2026, including $52.5 billion for the multi-year award to produce PAC-3 MSE interceptors.
• Guidance raised for the second consecutive quarter. Updated 2026 outlook versus the July 2026 outlook: sales about $80.0-$82.0 billion (from $79.75-$81.75 billion); business segment operating profit about $8,575-$8,675 million (from $8,500-$8,700 million); diluted EPS about $30.35-$30.75 (from $29.95-$30.65); cash from operations about $10.0-$10.2 billion (from $9.2-$9.4 billion); capital expenditures about $2.1-$2.3 billion (from $2.0-$2.4 billion); free cash flow about $7.8-$8.0 billion (from $7.0-$7.2 billion).
• F-35 contract risk. The company remains in negotiations with the U.S. Government on production contracts for F-35 lots 20 and higher. Costs incurred began to exceed the current contractual authorization and funding on the Lot 20 advance acquisition contract during the third quarter of 2026. The release states that without additional authorization and funding, results of operations, cash flows and financial condition will be negatively impacted in future periods.
• Segment drivers: Missiles and Fire Control sales rose 24% on PAC-3, THAAD, GMLRS and PrSM production ramps; Aeronautics rose 13% (F-35 volume and C-130 pre-contract cost liquidation), with higher unfavorable profit adjustments on F-16 and C-130 of $40 million each.

Dividend and share repurchases

• Dividend increase (Form 10-Q for the quarter ended September 27, 2026, accession 0001628280-26-066928): in October 2026 the board authorized a fourth quarter 2026 dividend of $3.60 per share, up $0.15 from $3.45 in the third quarter. Nine-month dividends paid were $2.4 billion ($10.35 per share declared). The CEO's remarks in the October 22 release refer to this as the 24th consecutive annual increase.
• No share repurchases were made in the first nine months of 2026 (cash flow statement, accession 0001628280-26-066780), against $2,250 million repurchased in the first nine months of 2025.
• October 21, 2025 (accession 0001628280-25-045582): the company increased its share repurchase authority by $2 billion, to a total authorization of $9 billion.

Acquisition: Ultra Maritime Solutions (signed, not closed)

In July 2026 Lockheed Martin entered into a definitive agreement to acquire Ultra Maritime Solutions, a defense company specializing in undersea warfare and anti-submarine capabilities, for $3.45 billion, to be funded with cash on hand and reported in the Rotary and Mission Systems segment. The Form 10-Q (accession 0001628280-26-066928) states the transaction is expected to close in the fourth quarter of 2026; as of that filing it is pending. No 8-K was filed to report the agreement; the earliest SEC record of it is the Q2 2026 earnings release (Exhibit 99.1 to 8-K 0001628280-26-049277, filed July 23, 2026), which refers to "the recently announced agreement to acquire Ultra Maritime" and excludes it from guidance. The price, funding and expected fourth-quarter 2026 close come from the Form 10-Q. The company's guidance practice excludes proposed acquisitions until consummated.

Earlier 2026 results and guidance

• July 23, 2026 (0001628280-26-049277): second quarter sales rose 11% to $20.1 billion; net earnings $1.8 billion ($7.94 per share) versus $342 million ($1.46) a year earlier, which included $1.6 billion of program losses and $169 million of other charges. Backlog $230 billion. Guidance raised (sales about $79.75-$81.75 billion from $77.5-$80.0 billion; EPS about $29.95-$30.65 from $29.35-$30.25; free cash flow about $7.0-$7.2 billion from $6.5-$6.8 billion). The release also refers to "the recently announced agreement to acquire Ultra Maritime" and excludes it from guidance. It cites signing of a $35 billion multi-year Missile Defense Agency contract for THAAD interceptors.
• April 23, 2026 (0001628280-26-026683): first quarter sales $18.0 billion, net earnings $1.5 billion ($6.44 per share, versus $7.28), cash from operations $220 million and free cash flow $(291) million. The 2026 outlook was reaffirmed. The release reports multi-year framework agreements with the Department of War to scale munitions production (Patriot/PAC-3, THAAD, PrSM), and scheduled long-term debt repayments of $1.0 billion in the quarter.
• January 29, 2026 (0001628280-26-003970): full-year 2025 sales rose 6% to $75.0 billion; net earnings $5.0 billion ($21.49 per share) including a $479 million pension settlement charge; cash from operations $8.6 billion and free cash flow $6.9 billion; record year-end backlog $194 billion. Initial 2026 outlook: sales $77.5-$80.0 billion, business segment operating profit $8,425-$8,675 million, EPS $29.35-$30.25, free cash flow $6.5-$6.8 billion. 2025 cash returned included $3.1 billion of dividends and $3.0 billion of repurchases (6.6 million shares).

Program losses and 2025 guidance (prior year context)

• July 22, 2025 (0001628280-25-035502): second quarter 2025 included pre-tax losses of $1.6 billion on programs (a $950 million classified Aeronautics program, $570 million on the Canadian Maritime Helicopter Program and $95 million on the Turkish Utility Helicopter Program) and $169 million of other charges; net earnings were $342 million. 2025 business segment operating profit guidance was cut to about $6,600-$6,700 million from $8,100-$8,200 million and EPS guidance to about $21.70-$22.00 from $27.00-$27.30.
• October 21, 2025 (0001628280-25-045582): third quarter 2025 sales $18.6 billion, net earnings $1.6 billion ($6.95 per share); 2025 guidance nudged up (EPS about $22.15-$22.35).
• A putative securities class action was filed July 28, 2025 in the U.S. District Court for the Southern District of New York (amended January 12, 2026) over statements about classified programs and the F-35 program, covering purchasers between January 23, 2024 and July 21, 2025 (described in the Form 10-Q, accession 0001628280-26-066928).

Debt and credit facilities

• July 28, 2025 (0000936468-25-000050, Item 8.01): completed the sale of $2.0 billion of senior unsecured notes: $500 million 4.150% notes due 2028, $750 million 4.400% notes due 2030 and $750 million 5.000% notes due 2035, for general corporate purposes including repayment of existing debt.
• August 28, 2025 (0001193125-25-192837, Item 1.01): Amendment No. 2 to the $3.0 billion five-year revolving credit agreement extended maturity from August 24, 2029 to August 24, 2030 and removed the 10 basis point credit spread adjustment on Term SOFR borrowings.
• December 5, 2025 (0001193125-25-312904, Item 1.01): new $3.0 billion 364-day revolving credit facility maturing December 4, 2026.
• August 24, 2026 (0001193125-26-371750, Item 1.01): new $2.25 billion 364-day revolving credit agreement maturing August 23, 2027 (replacing the $3.0 billion December 2025 facility, which was terminated, so total committed revolving capacity fell to $5.25 billion; the Form 10-Q, accession 0001628280-26-066928, reports $5.25 billion of unsecured revolving credit facilities, none drawn at September 27, 2026), and an extension of the existing five-year revolver from August 24, 2030 to August 24, 2031. The new facility has no financial maintenance covenant.
• Balance sheet at September 27, 2026 (0001628280-26-066780): cash $5,960 million; long-term debt, net $20,498 million; no current maturities (versus $1,168 million at December 31, 2025, repaid in 2026).

Pension

December 16, 2025 (reported December 18, 2025, accession 0000936468-25-000057, Item 8.01): buy-out conversions of group annuity contracts transferred about $900 million of gross pension obligations to insurance companies, covering about 9,000 retirees, with no additional cost or funding from the company and no change to benefits. The January 29, 2026 release records a non-cash settlement charge of $479 million ($377 million after tax, $1.63 per share) on the transfer of $943 million of obligations.

Management and governance

• April 17, 2025 (0000936468-25-000026, Item 5.02): Chief Financial Officer Jay Malave departed to pursue other opportunities; the filing states the departure was not related to any financial or accounting issue or disagreement. Evan T. Scott, previously Vice President and CFO of the Missiles and Fire Control segment, was appointed CFO effective April 17, 2025.
• May 12, 2026 annual meeting (0000936468-26-000011, Item 5.07): nine directors elected; 199.1 million of 230.5 million shares outstanding were represented (86.41% quorum). Prior-year annual meeting results were reported in 0000936468-25-000038.

Not the subject of a dedicated Form 8-K

No 8-K was filed to report the Ultra Maritime Solutions agreement, the multi-year PAC-3 or THAAD awards, or the October 2026 dividend increase; these appear only in the earnings release exhibits and the Form 10-Q. The earliest SEC record of the Ultra Maritime agreement is the Q2 2026 earnings release (Exhibit 99.1 to 8-K 0001628280-26-049277, filed July 23, 2026), which refers to "the recently announced agreement to acquire Ultra Maritime" and excludes it from guidance. No restructuring, impairment, going-concern or covenant events appear in the 8-Ks.