Lockheed Martin vs Paccar
Side-by-side comparison of AI visibility scores, market position, and capabilities
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.
About
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.
Bellevue WA premium commercial trucks (NASDAQ: PCAR) at $33.66B 2024 revenue, $4.16B earnings, 86th consecutive profitable year; Kenworth/Peterbilt 30.7% Class 8 market share, hydrogen FCEV deliveries 2025 competing with Daimler Freightliner.
About
PACCAR Inc. is a Bellevue, Washington-based premium commercial truck manufacturer — publicly traded on NASDAQ (NASDAQ: PCAR) as an S&P 500 Industrials component — designing and manufacturing heavy and medium-duty trucks under the Kenworth (North America), Peterbilt (North America), and DAF (Europe) brands through manufacturing facilities in the US, Netherlands, UK, Mexico, Brazil, and Australia, reporting $33.66 billion in 2024 revenue (second-best in company history), $4.16 billion in earnings, and its 86th consecutive year of net income. Founded in 1905 by William Pigott as a steel foundry and evolving through Seattle Car Manufacturing, Pacific Car and Foundry, and ultimately PACCAR, the company has built one of the most respected brands in long-haul trucking. In 2024, Kenworth and Peterbilt combined for 30.7% US and Canadian Class 8 heavy truck retail sales market share, with 185,300 vehicles delivered globally. PACCAR Parts (aftermarket parts distribution) set records with $6.67 billion in revenue and $1.71 billion in pretax income, demonstrating the high-margin recurring revenue stream from servicing the installed base of 1+ million PACCAR trucks. For 2025, PACCAR planned $700-800 million in capital projects and $460-500 million in R&D investment, targeting electric vehicle commercial production, hydrogen fuel cell truck delivery, and autonomous driving technology development. The Amplify Cell Technologies joint venture (with Daimler Truck and Accelera by Cummins, $2-3 billion investment) localizes battery cell manufacturing for electric Class 8 trucks in the US.
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