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Lockheed Martin forecasts upbeat 2026 profit, revenue amid rising geopolitical tensions
['Mike Stone', 'Aishwarya Jain', 'Thu', 'January', 'At Pm Gmt', 'Min Read']
Yahoo Finance
By Mike Stone and Aishwarya JainJan 29 (Reuters) - Lockheed Martin forecast 2026 profit and revenue above Wall Street estimates on Thursday, anticipating continued demand for its fighter jets and weapons amid rising geopolitical uncertainty.
Lockheed's F-35 and F-22 fighter jets, RQ-170 stealth drones and Sikorsky Black Hawk helicopters were used in the operation, CEO Jim Taiclet said in the release.
Quarterly sales for its aeronautics segment, which is the leading segment by revenue and makes the F-35 jets, rose 6.4%.
In January, Lockheed said it delivered a record 191 F-35 fighter jets in 2025, up from 110 jets in 2024.
Lockheed forecast 2026 revenue of $77.5 billion to $80 billion, above analysts' estimates of $77.83 billion, according to LSEG-compiled data.