Banco Bilbao Vizcaya Argentaria S.A. Boosts Lockheed Martin Stake

Spanish banking group increases investment in aerospace and defense company

Mar. 17, 2026 at 7:35am

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Banco Bilbao Vizcaya Argentaria S.A. (BBVA), a major Spanish banking group, has increased its holdings in Lockheed Martin Corporation by 78.4% during the third quarter, according to a recent SEC filing. BBVA now owns 8,247 shares of the aerospace company's stock, valued at $4.1 million.

Why it matters

Lockheed Martin is one of the world's largest defense contractors, producing military aircraft, missile systems, and other advanced technology. BBVA's increased investment in the company suggests confidence in Lockheed Martin's long-term prospects, particularly amid ongoing global defense and security concerns.

The details

In its SEC filing, BBVA reported that it acquired an additional 3,623 shares of Lockheed Martin during the third quarter, bringing its total holdings to 8,247 shares. This represents a 78.4% increase in BBVA's position in the company. Lockheed Martin is a major supplier of military equipment and technology to the U.S. government and allied nations around the world.

  • BBVA reported the increased Lockheed Martin holdings in its third quarter SEC filing.

The players

Banco Bilbao Vizcaya Argentaria S.A.

A major Spanish banking group that has increased its investment in Lockheed Martin Corporation.

Lockheed Martin Corporation

A global aerospace and defense company that designs, develops, and manufactures advanced technology systems for government and commercial customers.

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The takeaway

BBVA's increased stake in Lockheed Martin reflects the Spanish bank's confidence in the long-term growth prospects of the defense and aerospace industry, particularly as global military spending and security concerns remain elevated.