What is Lockheed Martin's rotary and mission systems — contract assets?

Lockheed Martin (LMT) reported rotary and mission systems — contract assets of $625.00M in Q4 2025.

What does rotary and mission systems — contract assets mean?

The value of work completed that has been recorded as revenue but cannot yet be invoiced to the customer.

Lockheed Martin Rotary and Mission Systems — Contract Assets decreased by 4.6% to $625.00M in Q4 2025 compared to the prior quarter.

StatementSegment

CategoryLiquidity

SignalContext dependent

VolatilityModerate

First reportedQ2 2025

Last reportedQ4 2025

A significant increase may indicate a delay in reaching billing milestones or a buildup of unbilled work-in-progress.

Contract assets represent the value of work performed on long-term contracts for which the company has not yet reached t...

Standard accounting metric for companies using revenue recognition over time under ASC 606.

Metric ID: lmt_segment_rms_contract_assets

3 periods

	Q2 '25	Q3 '25	Q4 '25
Value	$680.00M	$655.00M	$625.00M
QoQ Change	—	-3.7%	-4.6%

Range$625.00M – $680.00M

Current Streak2+ quarters decline

What is Lockheed Martin's rotary and mission systems — contract assets?: Lockheed Martin (LMT) reported rotary and mission systems — contract assets of $625.00M in Q4 2025.
What does rotary and mission systems — contract assets mean?: The value of work completed that has been recorded as revenue but cannot yet be invoiced to the customer.