Business Segments · Contract Assets
RMS — Contract Assets
Lockheed Martin RMS — Contract Assets decreased by 3.2% to $605M in Q1 2026 compared to the prior quarter.
Analysis
StatementSegment
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ2 2025
Last reportedQ1 2026Apr 23, 2026
Rolls up toAccounts Receivable
How to read this metric
A significant increase may indicate a delay in reaching billing milestones or a buildup of unbilled work-in-progress.
Detailed definition
Contract assets represent the value of work performed on long-term contracts for which the company has not yet reached t...
Peer comparison
Standard accounting metric for companies using revenue recognition over time under ASC 606.
Metric ID:
lmt_segment_rms_contract_assetsHistorical Data
4 periods
| Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|
| Value | $680M | $655M | $625M | $605M |
| QoQ Change | — | -3.7% | -4.6% | -3.2% |
Range$605M – $680M
Current Streak3+ quarters decline
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Frequently Asked Questions
- What is Lockheed Martin's rms — contract assets?
- Lockheed Martin (LMT) reported rms — contract assets of $605M in Q1 2026.
- What does rms — contract assets mean?
- The value of work completed that has been recorded as revenue but cannot yet be invoiced to the customer.