New York, Feb 13, 2026, 4:29 PM EST — After-hours
- Lockheed Martin climbed roughly 2.3% in after-hours trade, landing at $652.24.
- The company pointed to a SPY-7 radar supply-chain order in Japan, and also cited a milestone hit in its extended-range rocket test.
- Lockheed Martin’s CEO Jim Taiclet and CFO Evan Scott will appear at a Citi conference on Feb. 18.
Shares of Lockheed Martin (LMT.N) climbed roughly 2.3% after hours on Friday, hitting $652.24. The move came after the defense giant rolled out fresh details on its international defense projects and precision fires operations. Earlier in the day, the stock ranged from $633.33 up to $656.20, with trading volume landing near 1.46 million shares.
Investors face a straightforward dilemma right now: will the largest U.S. arms manufacturers manage to speed up hardware deliveries without getting tangled in supply chain hiccups, testing delays, or contract snags.
Lockheed’s new updates hand investors updated benchmarks on how execution is tracking. There are also hints about potential order sources outside the U.S. budget cycle.
The move left peers behind in a session that saw mixed results. Northrop Grumman tacked on roughly 1.1%; General Dynamics advanced 2.0%. Boeing picked up 1.5% too, but RTX fell about 0.5%.
Lockheed on Thursday said it has locked in a first purchase order with Fujitsu for Japan’s Aegis System Equipped Vessel (ASEV) SPY-7 radar antenna. The agreement officially makes Fujitsu a supplier for a “line replaceable unit,” the kind of part that can be swapped out on the fly. “(It) cements our commitment to establishing a Japan-based supply chain,” noted Chandra Marshall, a vice president and general manager at Lockheed Martin. Fujitsu’s Kenichiro Miyazaki said the company was “honored to commence the mass production” of the component. (Media – Lockheed Martin)
Lockheed has wrapped up a 112-km flight test of its Extended-Range GMLRS, marking the first time it fired the Alternative Warhead (AW) version from an M270A2 launcher. According to the company, the extended-range GMLRS can now hit targets at 150 km, and it’s compatible with both the HIMARS truck-mounted launchers and the M270A2 systems already in use. “(It) shows we can give warfighters a longer-range weapon on the rocket platform they already trust,” said Dave Griser, vice president for Precision Fires Rockets. (Media – Lockheed Martin)
Lockheed has been doubling down on missile defense and ramping up munitions output as orders remain strong. The company is counting on a profit-sharing deal with the U.S. government to lift production of its THAAD and Patriot PAC-3 interceptor lines. On Jan. 29, it laid out a 2026 revenue target between $77.5 billion and $80.0 billion, with projected earnings per share in the $29.35 to $30.25 range. (Reuters)
Investors get a shot at gauging the message themselves next week. Lockheed plans to have CEO Jim Taiclet and CFO Evan Scott appear at Citi’s Global Industrial Tech and Mobility Conference on Feb. 18, with the duo scheduled from 2:40 p.m. to 3:20 p.m. ET. (Media – Lockheed Martin)
But contract timing has its pitfalls. Supply-chain improvements and reaching test milestones might show progress, yet they don’t guarantee procurement. When production scales up, costs and schedules can slip—risks are higher when projects rely on government budgets and partner commitments.
Investors now turn to management’s Feb. 18 appearance for the next update, and they’ll be watching for any developments around the weapons programs highlighted earlier this week — especially timing on the extended-range rocket as it heads into operational tests and gets closer to deployment.
