It sure does.
Green=permanent (cyanoacrylic), high strength, capillary action
Blue=reusable, medium strength
Red=permanent, high strength, heat needed to remove
Black=eternal
There are also variations among the colors for special uses. Really quite a science to keeping threaded stuff together.
I only just heard of Locktite a couple of years ago ... I didn't know it came in colors ...
<grin>Does it come in pints?