About the Company (NYSE: LMT)
The Lockheed Martin Corporation is an American defence and aerospace manufacturer with worldwide interests. It is one of the largest companies in the aerospace, military support, security, and technology industry.
Stock background (NYSE: LMT):
Lockheed Martin shares hit a record high on January 29 after the company announced better-than-expected earnings for Q4-2025 and shared an optimistic outlook that exceeded market expectations.
As mentioned in the previous update earlier this month, the stock started off the calendar year 2026 on a solid footing; momentum most recently has been supported by rising geopolitical uncertainty and strong earnings.
Backlog Growth and Defence Spending Expansion
Lockheed Martin’s sales for the final quarter of 2025 rose 9.1% year-over-year to $20.32 billion, surpassing market estimates. The company also pointed to a backlog of $193.6 billion, up 10% from the previous year, according to media reports.
Separately, the company said it would spend billions of dollars over the next three years to expand production. The company announced an agreement with the US Department of Defence to quadruple the production of Terminal High Altitude Area Defence interceptors.
Operational challenges and cost overruns had undermined the stock in 2025, but fortunes for the company now seem to be changing.
Lockheed Martin (Weekly Chart):
Technical Analysis on Lockheed Martin (NYSE: LMT)
Our proprietary system, TradersGPS (TGPS), turned decidedly bullish late 2025 after the stock rose above key resistance at 495-515 (which includes the March 2025 high and the October 2025 highs).
Since then, the model has been bullish. Blue candles indicate the stock’s trend is up, while Red candles indicate the stock’s trend is down.
Note, the sole red candle that appeared at the end of last year appears to be due to rounding off decimals.
Lockheed Martin (Weekly Chart):
Upside Targets: 619 and the Psychological 700 Level
On technical charts, after hitting a record high in 2024, the stock fell sharply, but managed to find support on an uptrend line from early 2020. The trendline has withstood the test of time in recent years, including the selloff around COVID-19 and tariff tensions in April 2025.
The recent break above 495-515 opened the gates toward the 2024 high of 619. There is no sign of reversal even as the stock hit a fresh record high on January 29. The next level to watch would be the psychological 700 mark.
On the downside, there is immediate support at the end-January low of 573, followed by the October 2025 high of 515.
FAQ
Why did Lockheed Martin hit a new record high?
Stronger-than-expected Q4-2025 earnings, an optimistic outlook, rising geopolitical tensions, and robust defence demand supported the rally.
What does TradersGPS indicate for LMT?
TradersGPS has remained Bullish since late 2025 after the price broke above the 495–515 resistance zone.
What upside levels should investors watch?
The next technical objectives are the 2024 high near 619 and the psychological 700 level.
Where are the key downside supports?
Immediate support sits near the end-January low at 573, followed by former resistance around 515.
