LMT
Lockheed Martin Corp.
Is LMT Halal?
Defense contractor with a failed debt screen and a weapons-focused core business.
What You Should Know
Lockheed Martin's March 29, 2026 Form 10-Q reports $59,238m assets and $20,697m carrying-value debt, or 34.94% debt/assets. F-35, missile-defense and strategic programs make the qualitative business screen fail under a weapons-exclusion approach.
⚠️ Concerns
- •F-35 fighter aircraft and missile programs
- •Debt/assets above the examined limits
- •Heavy U.S. government and military dependence
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-14.
20,697 / 59,238
1,894 / 59,238
4,216 / 59,238
60 / 17,963
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.94%, above the examined 33.333% limit; the defense-business screen also fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above the examined MSCI limit and the weapons-focused business screen fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above the examined Malaysia limit; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored.
Business-activity disclosure
Lockheed Martin is a defense contractor whose F-35 program generated approximately $4,850m (27% of first-quarter sales); a weapons-exclusion approach fails the core activity screen.
Limitation: The proxy does not capture every weapons or defense program and does not define a single scholarly threshold for defense exposure.
Purification
A conservative other-income proxy is recorded, but ZakatInvest does not prescribe a fixed purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Lockheed Martin's March 29, 2026 Form 10-Q.
- Debt is current maturities plus long-term debt carrying amounts; the filing separately reports $21.9bn outstanding principal.
- Other non-operating income of $60m is used as a conservative proxy because it includes interest income and investment gains.
- F-35 sales represented approximately 27% of consolidated sales; the filing does not isolate all weapons-related revenue.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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