Citigroup Maintains Neutral Rating on Lockheed Martin Corporation (LMT)

Ashar Jawad

Sun, February 22, 2026 at 8:26 PM GMT+9 2 min read

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Lockheed Martin Corporation (NYSE:LMT) is among the 11 best military technology stocks to buy right now. On February 18, Citigroup analyst John Godyn maintained a Neutral rating on the stock with a price target of $673.

Citigroup Maintains Neutral Rating on Lockheed Martin Corporation (LMT)

The update is a reaffirmation of the firm’s earlier adjustment on February 5, when it lifted the price target to $673 from $572, following a series of price target increases for the stock after the defense contractor announced a profit-sharing deal with the U.S. government and strong Q4 results late last month.

In a press release dated January 29, Lockheed Martin Corporation (NYSE:LMT) said it had reached an agreement with the Department of War (DoW) to increase the production of THAAD interceptors to 400 per year from 96, building on a seven-year agreement with the Department of Defense (DoD) earlier in the month to more than triple the production capacity for its PAC-3 missile interceptors.

During the fourth quarter 2025 earnings call on January 29, Lockheed’s CEO Jim Taiclet noted that if the company surpasses the targets for production and profits for the THAAD and PAC-3 contracts, it would ‘start to share some of the increased profits with the U.S. government by plowing some of those increased profits back’.

The defense giant reported revenue of $20.3 billion for the fourth quarter, up 9% year over year. Diluted EPS stood at $5.80, compared with $2.22 in the prior year’s quarter. Investors were also buoyed by the company’s forecast of revenue and profit for 2026 above Wall Street’s estimates.

Lockheed Martin Corporation (NYSE:LMT) is one of the world’s largest defense contractors. It specializes in the research, design, and development of advanced technology systems, products, and services.

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**READ NEXT: 10 Best Meme Stocks to Buy Now and **10 Best American Defense Stocks to Buy According to Wall Street Analysts

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