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Lockheed Martin Reports $140 Million In Tariff Refunds; Other Primes Haven’t Quantified Payback

Cal Biesecker By
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Lockheed Martin Reports $140 Million In Tariff Refunds; Other Primes Haven’t Quantified Payback
Pictured is a U.S. Air Force photo of F-35A fighters at Jacksonville Air National Guard Base, Fla. on July 9, 2025.

In the latest round of quarterly financial filings, Lockheed Martin [LMT] was the only one of the top U.S. defense contractors to report a specific dollar receipt--$140 million through the first half of 2026—for court-ordered refunds related to tariffs imposed by the Trump administration in 2025 that the Supreme Court in February ruled were unauthorized. Lockheed Martin’s second quarter 10-Q report to the Securities and Exchange Commission (SEC) did not say if it has additional refund claims outstanding. For now,…

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