Know what you hold.

You own something for a handful of reasons. We read the filings, write those reasons down, and tell you what each new filing did to them. Here is one, as it actually reads.You own something for a handful of reasons. We read the filings and tell you what each new one did to them. Here is one, as it reads.

not a screener · not a feed · not a dashboard

Read a company · free Watch a company · $240 a year

this is the page · nothing on it is a sample10-Q · 23 jul 2026

Lockheed MartinLMT

4 reasons

one segment per reason, in the order derived · each opens its reason · the changed one leads

moved · direction unstated04

Space segment sales increased $412 million (6%) in H1 2026 driven by higher volume on Fleet Ballistic Missile and Next Generation Interceptor programsThe FY 2027 proposal emphasizes Golden Dome missile defense and a major shipbuilding programLockheed operates the only U.S. submarine-launched ballistic missile production line through the FBM program

what the newest filing did to it

The disclosure now adds explicit cautionary language about uncertainty of Congressional appropriation for the FY 2027 proposal that emphasizes Golden Dome missile defense and the shipbuilding program, bearing on the stated budget reason.

the sentence it rests on · MD&A

“The FY 2027 proposal is subject to Congressional appropriation, and there can be no assurance that it will be enacted at the levels proposed”

The argument in full Companies that argue this too

moved · direction unstated01

F-35 backlog stood at 317 aircraft as of June 28, 2026, with 1,344 production aircraft delivered since program inceptionF-35 sustainment contract volume also increased during the periodsThe FY 2027 Administration proposal emphasizes an increase in F-35 purchases as part of a $760 billion weapons-procurement and modernization effort

moved · direction unstated02

MFC sales increased $944 million (14%) in H1 2026 driven by production ramp-up on PAC-3 and THAAD programsMFC operating profit increased $150 million (16%) in H1 2026 with $65 million of higher net favorable profit adjustmentsThe FY 2027 proposal highlights commitment to Golden Dome missile defense and munitions framework dealsThe company states it is working with the U.S. Government to increase capacity and replenish depleted U.S. and allied stockpiles

holds03

70% of $38.1 billion in H1 2026 sales came from the U.S. Government, 61% from the Department of WarFY 2026 appropriations provided $839.2 billion in discretionary defense funding, an $8.4 billion increase over the budget requestThe Tax Act provides more than $150 billion of additional mandatory defense funding through September 30, 2029The FY 2027 proposal seeks a historic $1.5 trillion defense budget including $350 billion of mandatory funding through reconciliation

The reason opened here is one the newest filing changed — a reason nothing bore on holds, and carries no finding to open, though the sentences it was checked against are on its report. That is a company’s public page: every reason, the state of each, and the sentence behind the one opened. Nothing on it is held back for members — what membership adds is the next filing read against these same reasons.Every reason, the state of each, and the sentence behind the one opened. Nothing is held back for members.

Read one before you decide anything about us.

Any company in the index, in full, without an account. The only question left is whether you want the next filing read for you.

Read a company · free What we will not conclude