What is Lockheed Martin's current stock price?

The stock is currently trading at $509.54.

How has Lockheed Martin's stock performed recently?

The stock declined 10.91% over 90 days, but the one-year total shareholder return is 13.63%.

Who is the client for the GLSS2 contract?

The client is the U.S. Special Operations Command (USSOCOM).

Lockheed Martin Wins $10.5B GLSS2 Contract for Special Ops

Lockheed Martin (LMT) has been awarded a $10.5 billion, 12-year contract as prime contractor for the U.S. Special Operations Command's next-generation GLSS2 logistics and sustainment program. The stock trades at $509.54, with a 90-day return of -10.91% and a 1-year return of 13.63%.

July 21, 2026

2 min read

Source: Simply Wall St.

Key Numbers

contract value

10.5B

contract duration

12 years

share price

509.54

90 day return

-10.91%

1 year return

13.63%

Lockheed Martin (NYSE: LMT) announced it has secured a $10.5 billion, 12-year contract as prime contractor for the U.S. Special Operations Command's (USSOCOM) next-generation GLSS2 logistics and sustainment program. The contract win comes as the stock has experienced a 10.91% decline over the past 90 days, though the one-year total shareholder return stands at 13.63%. Shares are currently trading at $509.54.

Contract Details

Value: $10.5 billion
Duration: 12 years
Client: U.S. Special Operations Command (USSOCOM)
Role: Prime contractor for GLSS2
Scope: Next-generation logistics and sustainment services

Context

The contract is part of ongoing efforts to modernize U.S. special operations capabilities and reinforces Lockheed Martin's position as a key defense partner. Despite recent share price weakness, long-term contracts like GLSS2 provide stable revenue visibility.

What This Means for Investors

The contract strengthens Lockheed Martin's backlog and provides predictable cash flows over the long term. However, investors should monitor the stock's performance within the broader market context and potential defense budget pressures.

Frequently Asked Questions

The contract is valued at $10.5 billion over 12 years.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.