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TickerLMT
SectorAerospace & Defense
Mkt cap$116.8B
EV / EBITDA16.8×
PostureHigh Velocity
Composite70/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 936468

Lockheed Martin Corporation

LMTHIGH VELOCITYFILING INTENSITY

Lockheed Martin Corporation reads as an High Velocity (composite 70/100); Transformational Buyer deploying $0 across 0 disclosed transactions, running flat vs the prior cycle · primary market A&D Components.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Transformational Buyer

Episodic but very large disclosed transactions drive the profile.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$75.1B
EBITDA$8.1B
Enterprise value$135.6B
EV / Revenue1.8×
EV / EBITDA16.8×
P/EN/A
Cash$1.9B
Total debt$20.7B
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

50/100

Companies actively deploying disclosed capital into M&A

  • $13.4B disclosed buyer spend

Buyer Cadence

40/100

Buyer-side companies with recent filing activity

  • Filed within 33d
  • 13 acquisition-history signals
  • 362 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 22 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 22 activism filings

Pressure Watch

49/100

Issuers facing activism, governance, or control pressure

  • 22 activism filings
  • Latest activism 1.6y ago

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 22 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 362 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $135.6B
  • 10-Q 33d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    20%
  • Technology Acquisition
    20%
  • Geographic Expansion
    20%
  • Platform
    20%
  • Tuck In
    20%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • technology_acquisition
  • horizontal_consolidation
  • geographic_expansion
  • platform
  • tuck_in
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

The Secretary of War recently released the Department’s Acquisition Transformation Strategy that is consistent with these EOs, and also aims to restructure the requirements process, funding authority, and reorganizes the Acquisition workforce.

10-KFY2025

In pursuing our business strategy, we routinely conduct discussions, evaluate companies, and enter into agreements regarding possible acquisitions, joint ventures, other investments and divestitures.

10-KFY2022

We seek to identify acquisition or investment opportunities that will expand or complement our existing products and services or customer base, at reasonable valuations.

10-KFY2022

The President has issued multiple Executive Orders (EOs), including two that are intended to (i) simplify and accelerate the procurement process through an overhaul of the FAR and (ii) modernize the defense acquisition process by promoting commercial solutions, use of innovative acquisition authorities, and other existing streamlined processes.

10-KFY2025

we now hold a 51% controlling interest in AWE

10-KFY2016
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

A&D Components

Market spend (2023–2025)
$32.8B
Market spend (2020–2022)
$12.9B
Recent vs prior
+153%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

16.8×EV / EBITDA

LMT trades at a -7.8-turn discount to the A&D Components peer median of 24.6×.

EV / Revenue
1.8×
Net debt / EBITDA
2.3×
Peer median EV / EBITDA
24.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
34.2×9.3×1.8×$4.6B$3.3B
31.5×2.4×-0.9×$92.2B$1.4B
29.1×6.6×-0.8×$48.4BN/A
20.1×10.1×5.7×$9.5B$3.5B
19.5×3.0×1.9×$90.4BN/A
Lockheed Martin CorporationLMT
16.8×1.8×2.3×$75.1BN/A
16.0×2.6×-0.1×$22.5B$13.4B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in A&D Components. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)312026-01-29
  • 10-Q (quarterly)952026-04-23
  • 8-K (event)3622026-04-23
  • Proxy / DEF 14A532026-03-26
  • Activism (13D / DFAN / PREC)222024-11-01

Signals on file

  • elevated

    Activism on file

    2024-11-01

    22 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Disclosed acquisition spend

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Lockheed Martin Corporation: Issuer Brief | SE-Cluster