Is Lockheed Martin stock a buy after Q4 growth?

It is attractive for long-term stability, backed by a US$194 billion backlog and steady demand. That said, the stock trades at about 30 times TTM earnings after a 44% three-month rally. We prefer adding on pullbacks toward support while monitoring order intake, cash flow, and guidance into the April 21, 2026 LMT earnings update.

How do recent defense contracts affect outlook for PAC-3 missiles?

PAC-3 production work adds predictable revenue and supports factory throughput, which helps margins and cash conversion. It also strengthens multi-year planning across the supply chain. Together with allied demand, these defense contracts improve backlog quality for Lockheed Martin stock and reduce downside tied to timing gaps between production lots or budget approvals.

What risks could trigger a pullback in LMT?

Key risks include valuation compression after the recent surge, delivery or testing delays, budget timing, and foreign military sales approvals. Technicals also show momentum cooling. A retest of the Bollinger middle band near US$641 is possible. Watch book-to-bill and free cash flow on the next LMT earnings report for confirmation of trend strength.

What should Canadian investors consider before buying Lockheed Martin stock?

Consider FX exposure since shares and dividends are in U.S. dollars, trading costs on U.S. venues, and tax treatment based on account type. Use limit orders due to volatility. Position size with ATR near US$18 and monitor key catalysts, including PAC-3 updates and the April 21, 2026 LMT earnings for guidance and cash flow detail.

Global Market Insights

LMT Stock Today: March 01 — Q4 Growth, Record Backlog, PAC-3 Boost

ByDanny Kontos March 1, 2026

Lockheed Martin stock is back in focus after Q4 revenue grew 9% year over year and backlog hit a record US$194 billion. New awards tied to PAC-3 missiles and a Trident II LE2 modification signal steady demand amid tense geopolitics. Shares trade near US$641.63 after a roughly 44% three-month surge. For Canadians following LMT, the setup blends strong orders with a higher valuation and rising expectations into the next LMT earnings date on April 21, 2026.