Lockheed Martin Corp

LMT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lockheed Martin Earnings: Classified Project Cost Overruns Mar Results; Shares Remain Undervalued

Nicolas Owens

Jul 22, 2025

Lockheed Martin recorded over $1.6 billion in gross charges in the second quarter and lowered its 2025 operating profit forecast commensurately. Investors sent the company's shares down by more than 8%, leaving them approximately 20% undervalued relative to our revised fair value estimate.

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Lockheed Martin Corp

Lockheed Martin Earnings: Classified Project Cost Overruns Mar Results; Shares Remain Undervalued

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