Lockheed Martin Q1 2026 results: flat sales, profit pressure, aeronautics hit by F-16/C-130 issues as missile-defense growth off
Lockheed Martin reported flat Q1 2026 sales and lower earnings, missing estimates on revenue, margins, and cash flow (cash from operations $220M; free cash flow -$291M) while reaffirming its 2026 outlook. The company cited F-16 and C-130 program issues weighing on aeronautics, even as missile-defense growth and a $25M Fortem deal supported backlog.