Intelligence Feed event · Geopolitical · 2026-09-09

    Lockheed Martin upgraded at UBS on 3.2x book-to-bill and missile demand

    Question

    Lockheed Martin upgraded at UBS on 3.2x book-to-bill and missile demand

    Direct answer

    Lockheed Martin received an upgrade to Buy from UBS analysts, driven by sustained order backlogs across tactical missiles and F-35 fighter jet programs. UBS cited a 3.2x book-to-bill ratio as foundation for projected 9% annualized revenue expansion and double-digit net income growth over the next two to three years.

    Original publisher
    Market Ontology
    Evidence through
    2026-09-09
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Lockheed Martin upgraded at UBS on 3.2x book-to-bill and missile demand”, revision 1, evidence through 2026-09-09. https://marketontology.com/market-events/2026-09-09/lockheed-martin-upgraded-at-ubs-on-3-2x-book-to-bill-and-missile-demand-265ed3

    GEOPOLITICAL
    Lockheed Martin upgraded at UBS on 3.2x book-to-bill and missile demand
    Lockheed Martin received an upgrade to Buy from UBS analysts, driven by sustained order backlogs across tactical missiles and F-35 fighter jet programs. UBS cited a 3.2x book-to-bill ratio as foundation for projected 9% annualized revenue expansion and double-digit net income growth over the next two to three years.
    LMT
    Impact
    65
    SEP 9
    SIG
    85%
    LMT
    Lockheed Martin upgraded at UBS on 3.2x book-to-bill and missile demand
    Lockheed Martin received an upgrade to Buy from UBS analysts, driven by sustained order backlogs across tactical missiles and F-35 fighter jet programs. UBS cited a 3.2x book-to-bill ratio as foundation for projected 9% annualized revenue expansion and double-digit net income growth over the next two to three years.
    → A 3.2x defense book-to-bill ratio provides multi-year cash flow visibility that supports equity valuation re-rating across prime defense contractors.
    Impact
    Lockheed Martin received an upgrade to Buy from UBS analysts, driven by sustained order backlogs across tactical missiles and F-35 fighter jet programs. UBS cited a 3.2x book-to-bill ratio as foundation for projected 9% annualized revenue expansion and double-digit net income growth over the next two to three years.
    Affected
    LMT
    Transmission
    A 3.2x defense book-to-bill ratio provides multi-year cash flow visibility that supports equity valuation re-rating across prime defense contractors.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    LMTmultiple expansion from 3.2x book-to-bill and 9% revenue growth forecastUp1-4wUBS upgraded Lockheed Martin to Buy citing 3.2x book-to-bill and 9% annual sales growth.

    Does this development affect your holdings?

    Enter your holdings to check them against this and other recent developments, review the decision that matters most, then set a monitor.

    Check this development against my holdings

    Review your initial audit before choosing ongoing portfolio scanning at $79/month.

    What happened next

    AssetCallBase close+1 day+5 days+20 days
    LMTUpdisagreed524.46 2026-09-09+1.08%+2.44%-4.81%

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

    No verifiable public source recorded for this card.

    Related

    Check this development against my holdings

    See today's live cards

    Public pages are published 24 hours after the product shows them. Desk shows every catalyst, event and causal reading as it happens, mapped to your holdings.

    Open Desk — $399/month