Lockheed Martin plans to quadruple THAAD production amid rising defense spending
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Should l Buy LMT?
Source: PRnewswire
Lockheed Martin Corp's stock rose by 6.77% in pre-market trading, reaching a 52-week high.
The increase in stock price is attributed to Lockheed Martin's announcement to quadruple THAAD missile production capacity from 96 to 400 interceptors annually, alongside a planned capital spending increase to $5 billion in 2026. This move comes amid rising market expectations for defense spending, particularly following recent comments from former President Trump regarding potential military action against Iran, which has heightened investor interest in defense stocks.
This strategic expansion in production capacity indicates a strong outlook for Lockheed Martin, positioning the company to meet anticipated demand for defense capabilities in light of escalating geopolitical tensions.
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Analyst Views on LMT
Wall Street analysts forecast LMT stock price to fall
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 664.150
Low
430.00
Averages
535.50
High
605.00
Current: 664.150
Low
430.00
Averages
535.50
High
605.00
About LMT
Lockheed Martin Corporation is a global aerospace and defense company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft. MFC segment provides air and missile defense systems, manned and unmanned ground vehicles, energy management solutions, and others. RMS segment designs, manufactures, services and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, and others. Its Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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