Lockheed Sales Miss Estimates Amid Lower F-16 Fighter Volume

A replica of the Lockheed Martin PAC-3 Missile Segment Enhancement at the Brussels European Defense Exhibition and Conference in Brussels, on March 12.Photographer: Simon Wohlfahrt/Bloomberg

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By Jen Judson

April 23, 2026 at 10:30 AM UTC

Updated on

April 23, 2026 at 5:25 PM UTC

Lockheed Martin Corp. reported first-quarter net sales that missed analyst estimates, with lower volumes in its F-16 fighter jet program and classified programs.

The defense contractor’s revenue was little changed at $18 billion, the company said in a statement Thursday, while analysts forecast $18.2 billion. Net earnings fell to $6.44 a share, below analyst expectations of $6.88.