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Lockheed Martin Corporation (LMT)
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Lockheed Martin Corporation (LMT) Enterprise Value (EV): $129.26B

The enterprise value (EV) for Lockheed Martin Corporation (LMT) is $129.26B as of Tuesday, June 9, 2026.

LMT Enterprise Value (EV) Metrics

ENTERPRISE VALUE (EV)

$129.26B

LMT Competitors' Enterprise Value (EV)

NAMEMARKET CAPENTERPRISE VALUE (EV)
Lockheed Martin Corporation (LMT)$129.26B
Parker-Hannifin Corporation (PH)$114.18B$98.79B
Honeywell International Inc. (HON)$136.68B$146.76B
Automatic Data Processing, Inc. (ADP)$92.41B$131.27B
Cummins Inc. (CMI)$92.35B$75.66B
United Parcel Service, Inc. (UPS)$91.69B$110.62B
Deere & Company (DE)$155.84B$180.80B
Eaton Corporation plc (ETN)$155.99B$134.19B
Union Pacific Corporation (UNP)$161.06B$167.60B
3M Company (MMM)$81.55B$93.24B

Enterprise Value Calculation

Market Cap

$122.23B

+

Total Debt

$21.70B

Cash

$4.12B

=

Enterprise Value

$129.26B

EV-Based Valuation Multiples

Why use EV instead of Market Cap?

  • EV accounts for debt - an acquirer must pay or assume it
  • EV deducts cash - the acquirer effectively receives it
  • EV enables fair comparison of companies with different capital structures
  • EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral

Lockheed Martin Corporation Enterprise Value (EV) Formula & Definition

Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Lockheed Martin Corporation Enterprise Value (EV) FAQ

What is the enterprise value (EV) for Lockheed Martin Corporation (LMT)?
The enterprise value (EV) for LMT stock is $129.26B.

About Lockheed Martin Corporation

Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics division is responsible for creating and producing leading-edge combat and air mobility aircraft, alongside unmanned aerial vehicles and their related innovations. The Missiles and Fire Control segment delivers sophisticated air and missile defense systems; tactical and precision air-to-ground weapon systems; comprehensive logistics; advanced fire control; mission operations, readiness, engineering support, and integration services; both crewed and uncrewed ground vehicles; and energy management solutions. Within the Rotary and Mission Systems segment, the portfolio includes military and commercial helicopters, naval surface ships, land and sea-based missile defense systems, advanced radar technologies, maritime and airborne mission and combat systems, intricate command and control solutions, cybersecurity services, and simulation and training platforms. The Space division focuses on satellites, space transportation systems, strategic, advanced strike, and defensive missile systems, as well as classified systems and services vital for national security. This segment further enhances situational awareness through network enablement, integrating space and ground-based systems to empower customers in gathering, analyzing, and securely distributing crucial intelligence data. Lockheed Martin primarily serves the United States government, alongside fulfilling foreign military sales facilitated through U.S. government contracts. Established in 1912, the corporation maintains its headquarters in Bethesda, Maryland.

Bethesda, MD
121,000 employees
Industrials / Aerospace & Defense
Sector
Industrials
Industry
Aerospace & Defense
CEO
James D. Taiclet Jr.