Lockheed Martin Secures $871 Million F-35 Contract Modification

Key Facts

1Lockheed Martin was awarded an $871 million contract modification for the F-35 Lightning II program.

In a move reflecting continued government reliance on major defense contractors, Lockheed Martin has secured a significant new contract modification. According to reports, the company was awarded approximately $871 million related to the F-35 Lightning II program. This modification is part of ongoing procurement and support efforts for the fighter jet program in coordination with the U.S. Department of Defense.

This award strengthens Lockheed Martin's position within the defense sector, as such substantial contracts support the firm's backlog and revenue visibility. Per market data, the modification underscores the strategic importance of the F-35 program within the U.S. defense budget, providing a stable foundation for the company's long-term financial performance.

Regarding market performance, LMT stood at $538.09 at the close of September 17, 2026, having traded between a day high of $542.61 and a low of $520.42. With no immediate defense-specific catalysts in the upcoming economic calendar, investors will be watching for price stability around these established levels.