Lockheed Martin (LMT) reported third-quarter results with $18.6 billion in revenue and $1.6 billion in net earnings. Management announced a 5% dividend hike, marking the 23rd consecutive year of dividend increases. Global defense spending is projected to reach $2.69 trillion by 2025, benefitting Lockheed as demand for military technology grows. LMT stock trading near $490 faces investor scrutiny for future growth potential.

Lockheed Martin’s recent Q3 earnings report shows strong performance, with sales and net earnings up from the previous year. The company offers a $13.20 annual dividend with a trailing yield of 2.61%. LMT’s total market value is $118.1 billion, trading at a price-to-earnings ratio of 17.03x. Analysts are closely monitoring projections for the current and upcoming quarters, with a consensus rating of “Moderate Buy” and a price target of $516.25.

Lockheed Martin secures a $720.1 million contract to build missiles for the U.S. Army, boosting its backlog to a record $179 billion. The company also increases its share repurchase authority by $2 billion, signaling strong capital discipline. Analysts anticipate a transition year in 2025 with moderate growth, but expect a rebound in 2026. With a solid foundation, growing backlog, and higher dividends, Lockheed Martin looks poised for reliable growth and potential upside for investors.

Read more at Barchart: Lockheed Martin Just Raised Its Dividend by 5%. Should You Buy LMT Stock Here?