A March 19, 2026, analysis suggests Lockheed Martin is entering a missile defense "supercycle." Geopolitical tensions and evolving warfare drive this trend.
Increased drone use accelerates demand for the Terminal High Altitude Area Defense (THAAD) system. Demand also rises for the PAC-3 missile.
The shift triggers immediate replenishment of existing systems. It also necessitates long-term innovation to counter new threats.
Lockheed Martin maintains a record backlog of $194 billion. This figure supports a "Strong Buy" rating for the stock.