Global military spending hit $2.7 trillion in 2024, with projections to reach $6.6 trillion by 2035. Lockheed Martin (LMT) is a top defense company to watch, especially with U.S. President Donald Trump proposing a $1.5 trillion defense budget for 2027. Lockheed reported revenue of $18.6 billion and an EPS of $6.95 in Q3 2025, with LMT stock rising 17% in the past six months. The company’s record order backlog of $179 billion points to strong growth potential, along with increased production capacity and investment in technology for future growth. Analysts rate LMT stock as a “Moderate Buy” with a mean price target of $527.38 and an upside potential of 1.7%.

Read more at Barchart: A $1.5 Trillion Reason to Buy Lockheed Martin Stock in 2026