Lockheed Martin (LMT) Rolls Out Upgraded S-92A+ as Global Demand Picks Up

FomoAnxiety · 2026-03-09T23:32:33+00:00

Lockheed Martin's Sikorsky division is set to produce the upgraded S-92A+ helicopter, responding to demand from energy and government sectors. The new model features technical enhancements and a recent order from a new government customer, expanding production capacity.

FomoAnxiety

2026-03-09 23:32:33

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Lockheed Martin LMT -0.24% ▼ said that its Sikorsky helicopter division is preparing to begin production of a new version of its S-92 helicopter as demand continues from offshore energy companies and government transport programs. Specifically, Sikorsky plans to build an initial batch of the S-92A+, an etfs">upgraded version of its heavy-lift helicopter. The aircraft is widely used to transport heads of state, support offshore oil and gas operations, and conduct search-and-rescue missions.

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Meanwhile, a newly signed government customer (now the 14th country to order the aircraft for head-of-state transport) has placed an order for two helicopters. Those aircraft will be assembled together with three additional S-92A+ helicopters already planned for production. Looking ahead, Sikorsky said its manufacturing lines currently have the capacity to produce up to 12 helicopters per year. This follows deliveries in 2025 of two S-92 aircraft to government customers in Asia and the Middle East.

In addition to restarting production, the new S-92A+ will include several technical upgrades compared with earlier models. For example, the helicopter will feature a new Phase IV main gearbox designed to last more than 6,000 flight hours before needing a major overhaul, which could reduce maintenance downtime. It will also use upgraded GE Aerospace CT7-8A6 engines, providing more power for operations in high temperatures and high altitudes. At the same time, several operators are renewing long-term service agreements for their S-92 fleets.

Is LMT Stock a Good Buy?

Turning to Wall Street, analysts have a Hold consensus rating on LMT stock based on three Buys, 11 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average LMT price target of $659.31 per share implies 1.6% upside potential.

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