# Lockheed Martin **Source:** https://geo.sig.ai/brands/lockheed-martin **Vertical:** Manufacturing **Subcategory:** Enterprise **Tier:** Leader **Website:** lockheed-martin.com **Last Updated:** 2026-04-14 ## Summary Bethesda largest defense contractor (NYSE: LMT) ~$71B FY2024 revenue; F-35 $12.5B contract (Lots 18-19, ~300 fighters Sept 2025), Sikorsky Black Hawk, 122,000 employees competing with RTX and Northrop Grumman. ## Company Overview Lockheed Martin Corporation is a Bethesda, Maryland-based global aerospace, defense, security, and advanced technologies company — publicly traded on the New York Stock Exchange (NYSE: LMT) as an S&P 500 Industrials component — designing, developing, manufacturing, and sustaining advanced technology systems and services for the US government, US allies, and international defense customers through approximately 122,000 employees worldwide. Lockheed Martin is the world's largest defense contractor by revenue, generating approximately $71 billion in fiscal year 2024 revenue primarily from the US Department of Defense. The company's flagship program — the F-35 Lightning II stealth multirole fighter — is the costliest weapons program in US history, with total program lifetime cost exceeding $1.7 trillion through the 2070s. In September 2025, the Pentagon awarded Lockheed Martin a finalized $12.5 billion contract definitizing 148 F-35 Joint Strike Fighters from Lot 18 and adding scope for 148 additional fighters in Lot 19 — building on the initial $11.8 billion contract from December 2024 — continuing the F-35's multi-decade production run for US Air Force (F-35A), US Navy (F-35C), and US Marine Corps (F-35B STOVL) along with 8 international partner nations and 3 Foreign Military Sales customers. CEO Jim Taiclet leads Lockheed's digital transformation strategy — "21st Century Security" — integrating artificial intelligence, autonomous systems, advanced manufacturing, and network-centric warfare capabilities across Lockheed's platforms. Lockheed Martin's defense systems integration model creates sustainable competitive positioning through the F-35's role as the connective tissue of allied air combat power: a US Air Force F-35A doesn't merely replace an F-16 — it provides stealth penetration capability, integrated sensor fusion across radar and electronic warfare systems, and data link connectivity that makes other F-35s and fifth-generation fighters more effective as a network. The F-35's global operator network (US plus Australia, UK, Italy, Netherlands, Norway, Denmark, Belgium, Israel, Japan, South Korea, Singapore, Poland, Finland, Germany, Switzerland) creates a self-reinforcing interoperability ecosystem — each nation that commits to F-35 deepens its operational integration with other F-35 operators, increasing the cost of switching to an alternative platform and expanding the lifetime sustainment revenue opportunity for Lockheed's Training Simulators and Mission Systems (T&MS) segment. Sikorsky's Black Hawk and CH-53K helicopter programs provide additional multi-decade production and sustainment revenue across military branches globally. In 2025, Lockheed Martin competes in defense systems, combat aircraft, helicopters, and space systems against RTX Corporation (NYSE: RTX, Raytheon missiles, Pratt & Whitney, Collins Aerospace, $80.1B revenue), Northrop Grumman (NYSE: NOC, stealth bomber B-21, space systems, $41.0B revenue), and General Dynamics (NYSE: GD, armored vehicles, submarines, C4 systems, $46.5B revenue) for US and allied defense budget allocation across major acquisition programs. The F-35 program's multi-year production contracts (Lot 18-19 definitized at $12.5B) provide revenue visibility through the late 2020s, with sustainment revenues (spare parts, modifications, training) growing as the international fleet accumulates flight hours. The F-35's unit cost trajectory (decreasing from $154M in 2009 to approximately $85M in recent lots as production rate increased) demonstrates the manufacturing learning curve that makes competing fighter programs increasingly uncompetitive at comparable capability levels. The 2025 strategy focuses on F-35 production rate maintenance and Lot 20+ contract negotiations, hypersonic missile development under DARPA contracts, and space systems expansion including the Next Generation Interceptor missile defense program. ## Frequently Asked Questions ### What does Lockheed Martin do? Lockheed Martin is a global aerospace, defense, security, and advanced technology company that researches, designs, develops, manufactures, integrates, and sustains advanced technology systems, products, and services. The company operates through four business segments: Aeronautics (fighter aircraft), Missiles and Fire Control (missile defense, tactical missiles), Rotary and Mission Systems (helicopters, radars, naval systems), and Space (satellites, space exploration). Lockheed Martin serves government and commercial customers worldwide, with 73% of revenue from the U.S. federal government. ### When was Lockheed Martin founded? Lockheed Martin Corporation was formed on March 15, 1995, through the merger of Lockheed Corporation and Martin Marietta in a $10 billion transaction. However, the company's heritage extends back to 1912, when both Glenn L. Martin established the Glenn L. Martin Company and Allan Lockheed founded the Loughead Aircraft Manufacturing Company, giving Lockheed Martin over a century of aerospace and defense innovation history. ### Where is Lockheed Martin headquartered? Lockheed Martin's corporate headquarters is located at 6801 Rockledge Drive, Bethesda, Maryland (North Bethesda). The company operates over 450 facilities worldwide across 53 countries, with the United States hosting headquarters for all four business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. ### Who are Lockheed Martin's customers? Lockheed Martin's primary customer is the U.S. federal government, which accounts for 73% of revenue, including 65% from the U.S. Department of Defense. Additional customers include international governments and allied nations (particularly for F-35, F-16, and missile defense systems), NASA (space exploration programs), and commercial customers. The company serves customers in over 50 countries worldwide. ### What is the F-35 program? The F-35 Lightning II is Lockheed Martin's fifth-generation multirole stealth fighter and the largest defense program in history. Available in three variants (F-35A conventional, F-35B short takeoff/vertical landing, F-35C carrier-based), the F-35 combines stealth, advanced sensors, and network connectivity. Over 1,230 aircraft are in service across 12 nations with more than one million flight hours. The F-35 accounts for 26% of Lockheed Martin's total revenue and continues growing with recent contracts for 296 additional aircraft worth $24.3 billion. ### How much revenue does Lockheed Martin generate? In fiscal year 2024, Lockheed Martin generated $71.04 billion in revenue with $5.34 billion in net income. The Aeronautics segment contributed 39% of revenue, Rotary and Mission Systems 24%, Space 19%, and Missiles and Fire Control 18%. The F-35 program alone represents 26% of total company revenue. ### Who are Lockheed Martin's main competitors? Lockheed Martin competes with other major defense contractors including Boeing (commercial and military aircraft), Northrop Grumman (aerospace systems, space), Raytheon Technologies (missiles, defense electronics), General Dynamics (combat systems, submarines), BAE Systems (international defense), and Airbus Defence and Space (European aerospace). Competition varies by business segment and specific program, with contracts often awarded through competitive government procurement processes. ### What is Lockheed Martin's mission and values? Lockheed Martin's mission is to solve complex challenges, advance scientific discovery, and deliver innovative solutions to help customers keep people safe. The company operates on three core values: Do What's Right (highest ethical standards, diversity, sustainability), Respect Others (inclusion, collaboration, valuing all perspectives), and Excellent Performance (relentless pursuit of excellence in design, manufacturing, and service delivery). ### How many employees does Lockheed Martin have? Lockheed Martin employs approximately 122,000 people globally, with roughly 93% based in the United States. The company maintains a diverse workforce with 29% female representation and 41.7% ethnic minority representation. Lockheed Martin Global, Inc. (LMGI) has over 3,000 employees in more than 40 countries supporting international operations. ### Does Lockheed Martin work on space programs? Yes, Lockheed Martin's Space segment develops satellites, space exploration systems, and strategic missile systems. The company is the prime contractor for NASA's Orion spacecraft for deep space exploration, operates the Space Fence space surveillance system, and provides modernization for the Trident II D5 Fleet Ballistic Missile. Space accounted for 19% of 2024 revenue and includes both defense and civil space programs. ### What are Lockheed Martin's recent contract wins? Recent major contracts include: a $24.3 billion F-35 production contract for 296 aircraft in lots 18-19 (finalized September 2025), an $869.9 million F-35 Lot 20 initial award (November 2024), $178 million Navy contract for F-35 parts, and $101 million for F-35 long-lead parts procurement. The company also secured multiple contracts for increased Patriot PAC-3, HIMARS, and GMLRS production driven by global demand. ### Is Lockheed Martin publicly traded? Yes, Lockheed Martin Corporation is publicly traded on the New York Stock Exchange under the ticker symbol LMT. The company is included in the S&P 500 index and is one of the largest defense contractors by market capitalization, with a diverse shareholder base including institutional investors, mutual funds, and individual investors. ## Tags b2b, hardware, manufacturing, transportation, public, global, fortune500, enterprise --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*