Turkey aims to return Russian missile systems in an effort to re-enter the F-35 program, according to reports.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Source: SeekingAlpha
Turkey's S-400 Systems: Turkey is seeking to return the S-400 air defense systems purchased from Russia in 2017, which could improve relations with the U.S. and facilitate the purchase of F-35 fighter jets.
Discussions with Russia: Turkish President Erdoğan discussed the potential return of the S-400 with Russian President Putin, although the Kremlin denied any such request was made.
Impact on U.S. Relations: If Turkey relinquishes the S-400, it may lead to the U.S. lifting sanctions on Turkey's defense industry and possibly re-integrating Turkey into the F-35 program.
Financial Considerations: Turkey is reportedly seeking a refund for the S-400 purchase, which could involve negotiating deductions from its energy import bills with Russia.
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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: 667.820
Low
430.00
Averages
535.50
High
605.00
Current: 667.820
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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