Lockheed Martin Corporation 10-Q filed Oct 22, 2026

Modified · Global Security

We operate in a complex and evolving global security environment. Conflicts or tensions in areas such as the Middle East, Europe, and the Pacific region have heightened tensions and highlighted security requirements globally, including in these regions as well as the U.S. Although these tensions and conflicts may drive interest in specific products or services as countries seek to improve their security posture, our business primarily operates on a long-cycle basis. As a result, the U.S. Government has been broadly focused on increasing industry capacity to meet long-term demand. We are working with the U.S. Government, international partners, and our supply chain with the objective of increasing capacity and enhancing our ability to scale operations to contracted or anticipated demand. We expect these efforts will enable us In 2026, we have entered into multi-year contracts with the DoW intended to deliver critical capabilitiesincrease production quantities and replenish depleted U.S. and allied stockpiles, although there can be no assurance that production capacity will increase at the rate or accelerate delivery schedules for the Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) and Terminal High Altitude Area Defense (THAAD) programs. We have also entered into munitions framework agreements to the extent we or our customers expect due to supply chain constraints, workforce limitations, government funding decisionsrapidly accelerate production and delivery of the Precision Strike Missile (PrSM) and the Joint Advanced Tactical Missile (JATM), and other factors described in our risk factorsa framework agreement for multi-year production and sustainment of the F-35 Lightning II.