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Jim Cramer Calls Lockheed Martin Sensational Buy

August 9, 2026

1 min read

Key Takeaways

Jim Cramer calls Lockheed Martin a sensational buy.
Lockheed reports $1.836 billion in Q2 net earnings.
Backlog reaches record $230.4 billion.
Recent contract awards total over $90 billion.

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Strategic Implications

Lockheed Martin's surging stock may indicate confidence in the defense sector's growth prospects. The company's historic earnings and record backlog suggest a strong position in the market, which could benefit from rising global defense spending and may lead to further investment in the industry.

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What Happened

Defense Stock Surges Amid Historic Earnings And Contract Wins

Lockheed Martin’s stock has been endorsed by Jim Cramer as a sensational buy, driven by the company’s historic earnings and record backlog. In Q2 2026, Lockheed reported $1.836 billion in net earnings and a record $230.4 billion in backlog, with recent contract awards totaling over $90 billion. The company’s Missiles and Fire Control segment has been a key driver of growth, with sales up 19% year-over-year. This growth was first reported by TheStreet.

Source | Originally Published: August 7, 2026

Companies Mentioned

Lockheed Martin JPMorgan GM Defense General Motors

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Jim Cramer Calls Lockheed Martin Sensational Buy

August 9, 2026

1 min read

Key Takeaways

Jim Cramer calls Lockheed Martin a sensational buy.
Lockheed reports $1.836 billion in Q2 net earnings.
Backlog reaches record $230.4 billion.
Recent contract awards total over $90 billion.

Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.

Silver membership required Upgrade to Silver to access Key Takeaways.

Strategic Implications

Lockheed Martin's surging stock may indicate confidence in the defense sector's growth prospects. The company's historic earnings and record backlog suggest a strong position in the market, which could benefit from rising global defense spending and may lead to further investment in the industry.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.

Silver membership required Upgrade to Silver to access Strategic Implications.

What Happened

Defense Stock Surges Amid Historic Earnings And Contract Wins

Lockheed Martin’s stock has been endorsed by Jim Cramer as a sensational buy, driven by the company’s historic earnings and record backlog. In Q2 2026, Lockheed reported $1.836 billion in net earnings and a record $230.4 billion in backlog, with recent contract awards totaling over $90 billion. The company’s Missiles and Fire Control segment has been a key driver of growth, with sales up 19% year-over-year. This growth was first reported by TheStreet.

Source | Originally Published: August 7, 2026

Companies Mentioned

Lockheed Martin JPMorgan GM Defense General Motors