Lockheed Shares Hit New High On Missile Deal, Upbeat Outlook

Lockheed Martin Corp. said it reached a deal with the Pentagon to increase THAAD interceptor production, as the company issued an upbeat guidance for 2026 amid record deliveries of its F-35 fighter and growing missile sales.

The company’s stock soared as much as 8.1% to $645.67 during trading in New York, the highest on record in intraday trading, according to data compiled by Bloomberg. Lockheed has risen 32% so far this year as investors look to capitalize on a surging defense budget in the US.