LMTLockheed Martin
We are a global aerospace and defense technology company that builds and sustains the solutions America and its allies need to deter conflict and advance national security and scientific exploration objectives. 10-K, Item 1
- Employees
- 123,000
- Headquarters
- Bethesda, MD
- Next results
- around Jan 28, 2027
What changed
10-K filed Jan 29, 2026 against Jan 28, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 7 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Receivables growing faster than revenue | Receivables +65.9% vs revenue +5.6% (+60.3 pts) | 10-K · XBRL |
| Critical audit matters changed | New this year: Cost Estimates for Select Fixed Price Contracts (“As more fully described in Note 1 to the consolidated financial statements, the Corporation generates the majority of its sales from long-term customer contracts whereby substantially all of the Corporation’s revenue is recognized over time using the percentage-of-completion cost-to-cost measure of ”). No longer listed: Revenue recognition based on the percentage of completion method; Defined Benefit Pension Plan Obligation | 10-K · XBRL |
| Accounting checks | 9 other checks clear, 2 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 2 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Jan 29, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-01-28. Quoted as filed.
Executive Orders. 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…
10-K, Item 1A
Accounting checks
latest 10-K9 of 11 clear 2 worth a look. Checks, not verdicts.
- !Receivables growing faster than revenueReceivables +65.9% vs revenue +5.6% (+60.3 pts)
- !Critical audit matters changedNew this year: Cost Estimates for Select Fixed Price Contracts (“As more fully described in Note 1 to the consolidated financial statements, the Corporation generates the majority of its sales from long-term customer contracts whereby substantially all of the Corporation’s revenue is recognized over time using the percentage-of-completion cost-to-cost measure of ”). No longer listed: Revenue recognition based on the percentage of completion method; Defined Benefit Pension Plan Obligation
- ✓Cash from operations $8.6B vs net income $5.0B (FY ending 2025-12-31)
- ✓Inventory +1.4% vs revenue +5.6% (-4.2 pts)
- ✓Same auditor in both 10-Ks: Ernst & Young LLP
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Oct 22, 20268-K Quarterly results 8-K item 2.02
- Oct 22, 202610-Q Quarterly report (10-Q) period ended Sep 27, 2026
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