Lockheed Martin
Lockheed Martin is a publicly traded U.S. aerospace and defense prime contractor that designs, manufactures, and sustains advanced military systems across Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space for the U.S. Department of Defense and allied international customers in 50+ countries.
- Company typePublic
- Founded1941
- HeadquartersBethesda, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Lockheed Martin does
Lockheed Martin Corporation is a publicly traded U.S. aerospace and defense prime contractor headquartered in Bethesda, Maryland, and listed on the NYSE under ticker LMT. The company designs, manufactures, integrates, and sustains advanced systems across four reporting business areas: Aeronautics (including F-35 Lightning II, F-16, C-130J Super Hercules, and Skunk Works advanced development programs), Missiles and Fire Control (THAAD, PrSM, PAC-3, HIMARS, Trident II D5 strategic missiles), Rotary and Mission Systems (Sikorsky helicopters — Black Hawk, CH-53K, MH-60 Seahawk, S-92 — plus integrated combat systems such as CMS 330 and maritime/cyber capabilities), and Space (satellite systems and space exploration). Lockheed Martin employs more than 120,000 people globally, operates in 50+ countries through regional subsidiaries and joint ventures, and runs 350+ facilities worldwide.
The company operates a long-cycle, contract-driven business model in which the U.S. Department of Defense and allied governments procure platforms, integration, and multi-decade sustainment services. Roughly 72% of sales go to the U.S. government, with the balance sourced from international FMS customers including Israel, Norway, Poland, Japan, Australia, Singapore, India, Austria, and others. Revenue is recognized primarily through fixed-price and cost-type contracts, often multi-year, with a FY2025 backlog of approximately $194B that provides roughly 2.5 years of revenue visibility. Key revenue mechanics include platform production lots, sustainment and modification services, classified and unclassified R&D, and foreign military sales executed through the U.S. FMS process.
The company pursues a deliberate capacity and geographic expansion strategy — over $9B of planned U.S. manufacturing investment through 2030, 20+ new or modernized facilities, and 1,200+ new jobs at its Marietta, Georgia Center for Manufacturing Excellence — alongside international supply chain localization through joint ventures (Tata in India, PZL Mielec in Poland) and bolt-on M&A (Amentum Rapid Solutions, Terran Orbital). Recent strategic milestones include a $35.35B seven-year THAAD multiyear contract to quadruple production and an $8.4B PrSM Increment 1 contract modification extending ordering through 2032. Sub-brands include Skunk Works, Sikorsky, Derco Aerospace, LM Ventures (corporate venture capital), and AI Fight Club (AI training and capability platform).
Lockheed Martin firmographics
Firmographics- Name
- Lockheed Martin
- Legal name
- Lockheed Martin Corporation
- Website
- https://lockheedmartin.com
- Company type
- Public
- Founded year
- 1941
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Lockheed Martin is a publicly traded U.S. aerospace and defense prime contractor that designs, manufactures, and sustains advanced military systems across Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space for the U.S. Department of Defense and allied international customers in 50+ countries.
- Ownership category
- akta.pro rank
Lockheed Martin industry classification
Industry- Product category
- Defense and Aerospace Systems
- NAICS
- Guided Missile and Space Vehicle Manufacturing (336414), Aerospace Product and Parts Manufacturing (33641), Aircraft Manufacturing (336411), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)
- SIC
- Guided Missiles & Space Vehicles & Parts (3760), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Aircraft (3721)
- akta.pro primary industry
- Military Fixed-Wing Aircraft Manufacturing (IMABAAAB)
- akta.pro secondary industries
- Special-Mission Fixed-Wing Aircraft Manufacturing (ISR, AEW&C, Patrol) (IMABAAAH), Tactical & Strategic Missile Systems (IMABAHAB), Military Aerospace Engines & Propulsion (IMABAMAD), Military Aircraft Structures, Airframes & Composites (IMABAMAH)
Keywords
Where Lockheed Martin is headquartered
LocationHeadquarters
- HQ city
- Bethesda
- HQ country
- United States
- HQ region
- North America
Markets served
Lockheed Martin business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Lockheed Martin product offering
Product offeringCore offering
Lockheed Martin designs, develops, manufactures, integrates, and sustains advanced defense and aerospace systems across four business areas: Aeronautics (combat aircraft such as the F-35 and F-16, tactical airlift including C-130J), Missiles and Fire Control (air and missile defense systems such as THAAD, precision strike weapons including PrSM, and HIMARS launchers), Rotary and Mission Systems (Sikorsky helicopters including Black Hawk and CH-53K, integrated air and missile defense, radar, and sensors), and Space (strategic missiles including Trident II D5, satellites, and space exploration systems). The company also provides long-term sustainment, modernization, and training services for these platforms across their operational lifecycle.
Product overview
The provided source data does not contain verified, source-attributed product descriptions for Lockheed Martin's portfolio. No extractable product detail entries can be emitted without resolvable source IDs.
Differentiator
Problem solved
Functional benefit
Brands
- Skunk Works: Lockheed Martin's Advanced Development Programs unit for cutting-edge aircraft and aerospace projects, including the X-59 and historical stealth aircraft programs.
- Sikorsky
- Derco Aerospace
- LM Ventures
- AI Fight Club
Products and services
- Sikorsky Black Hawk Utility military helicopter family produced by Sikorsky, used by U.S. and allied armed forces for troop transport, medical evacuation, special operations, and search and rescue missions.
- Sikorsky CH-53K King Stallion Heavy-lift military helicopter produced by Sikorsky for the U.S. Marine Corps, designed to conduct expeditionary heavy-lift transport of troops and equipment.
- Sikorsky MH-60 Seahawk Maritime helicopter variant produced by Sikorsky for the U.S. Navy, used for anti-submarine warfare, anti-surface warfare, search and rescue, and special operations.
- Sikorsky S-92 Commercial heavy helicopter produced by Sikorsky, used for offshore oil and gas transport, search and rescue, VIP and head-of-state transport, and utility missions.
- F-35 Lightning II 5th-generation stealth multirole fighter aircraft fielded in three variants (F-35A conventional take-off and landing, F-35B short take-off and vertical landing, F-35C carrier variant) for the U.S. Air Force, Marine Corps, Navy, and allied air forces.
- F-16 Fighting Falcon Multirole 4th-generation fighter aircraft produced for the U.S. Air Force and allied air forces, including variants sold internationally.
- C-130J Super Hercules Tactical airlift aircraft produced for the U.S. Air Force, U.S. Marine Corps, U.S. Coast Guard, and allied operators for transport, airdrop, and special missions.
- THAAD (Terminal High Altitude Area Defense) Mobile theater-level missile defense system for the U.S. Army and allied customers, designed to intercept short-, medium-, and intermediate-range ballistic missiles.
- HIMARS (High Mobility Artillery Rocket System) Mobile multiple rocket launcher system produced for the U.S. Army and allied forces, used for precision rocket and missile strikes.
- Precision Strike Missile (PrSM) Surface-to-surface, all-weather precision strike missile designed for the U.S. Army's HIMARS and M270 Multiple Launch Rocket System launchers.
- Trident II D5 Submarine-Launched Ballistic Missile Submarine-launched intercontinental-range ballistic missile serving as the sea-based leg of the U.S. nuclear deterrent and fielded by the U.S. Navy and Royal Navy.
- Skunk Works Advanced Development Programs Lockheed Martin's advanced development organization responsible for rapid prototyping and development of next-generation aerospace platforms, hypersonic systems, autonomous platforms, and directed-energy systems.
Companies that use Lockheed Martin
Customer profileIdeal customer profiles3 records
Lockheed Martin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lockheed Martin partnerships and signals
Strategic signalRecent moves9 records
Expansion highlights7 records
Lockheed Martin competitors and assessment
Company assessmentDirect peers
- RTX Corporation: Formed from the merger of Raytheon Technologies' defense businesses (Raytheon Missiles & Defense, Collins Aerospace, Pratt & Whitney), RTX is the closest direct peer to Lockheed Martin across missiles, missile defense, and integrated air and missile defense systems (Patriot, SM-3, SM-6), competing head-to-head on THAAD-adjacent and air defense programs.
- Northrop Grumman: A top-tier U.S. defense prime competing with Lockheed Martin on strategic systems (B-21 Raider vs F-35), missile defense (GBSD/Sentinel ICBM), and space systems. Direct head-to-head on many high-value DoD programs and the most relevant peer by revenue scale and program portfolio overlap.
- Boeing Defense, Space & Security: Boeing's defense segment competes with Lockheed Martin on rotorcraft (CH-47 vs Sikorsky Black Hawk/CH-53K), fighters (F-15EX vs F-35), missiles, and space launch. A direct prime competitor with comparable scale and customer concentration in U.S. DoD.
- General Dynamics: A U.S. defense prime with overlapping combat systems, munitions (notably the Hydra 70 family complementing Lockheed Martin's Hellfire/Paveway), submarine/marine systems, and IT/Gulfstream businesses. Competes with Lockheed Martin on integrated air defense and ground combat systems.
- BAE Systems: The largest European defense prime and a leading U.S. DoD supplier, BAE competes with Lockheed Martin on combat vehicles, electronic warfare, missile systems, and naval platforms. Notable overlap in the U.S. and UK defense markets and on F-35 electronic warfare subsystems.
- L3Harris Technologies: A mid-tier U.S. defense prime competing with Lockheed Martin's Rotary and Mission Systems on tactical communications, electronic warfare, ISR, and integrated mission systems. Direct overlap on F-35 communications/navigation and space-based ISR programs.
- Huntington Ingalls Industries: America's largest military shipbuilder, competing with Lockheed Martin in the broader U.S. defense prime landscape. Direct overlap in naval combat systems (LM Rotary and Mission Systems supplies combat management systems for HII-built submarines and carriers).
Broad incumbents
- Thales Group: A European defense and aerospace incumbent competing with Lockheed Martin on missile systems, avionics, and air defense (including competing with THAAD-adjacent European air defense programs). Operates broadly across defense, aerospace, and digital identity.
- Leonardo S.p.A. An Italian-headquartered European defense prime competing with Lockheed Martin on helicopters (AW139/AW101 vs Sikorsky), missile systems, and integrated air defense. A broad incumbent in European defense with significant overlap on allied rotorcraft procurement.
- Textron: A diversified aerospace and defense company whose Bell subsidiary competes directly with Sikorsky in the vertical lift market (V-22 Osprey partnership vs CH-53K, Bell 525 vs S-92). Competes on light attack/scout programs as well.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Lockheed Martin social profiles
Digital presenceLockheed Martin financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lockheed Martin leadership team
Management profileNumber of profiles
Profiles7 records
Lockheed Martin subsidiaries and ownership
Company hierarchySubsidiaries7 records
Lockheed Martin funding detail
Funding detailFunding overview
Funding rounds8 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lockheed Martin M&A and investment
M&A and investmentM&A34 records
Investments32 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lockheed Martin
What does Lockheed Martin do?
Lockheed Martin designs, develops, manufactures, integrates, and sustains advanced defense and aerospace systems across four business areas: Aeronautics (combat aircraft such as the F-35 and F-16, tactical airlift including C-130J), Missiles and Fire Control (air and missile defense systems such as THAAD, precision strike weapons including PrSM, and HIMARS launchers), Rotary and Mission Systems (Sikorsky helicopters including Black Hawk and CH-53K, integrated air and missile defense, radar, and sensors), and Space (strategic missiles including Trident II D5, satellites, and space exploration systems). The company also provides long-term sustainment, modernization, and training services for these platforms across their operational lifecycle.
Is Lockheed Martin a public or private company?
Lockheed Martin is a public company. It is classified as public and is currently operating.
When was Lockheed Martin founded?
Lockheed Martin was founded in 1941. It employs 5,001 to 10,000 people.
Where is Lockheed Martin based?
Lockheed Martin is headquartered in Bethesda, United States, in the North America region.
Who are Lockheed Martin's main competitors?
Direct peers on record are RTX Corporation, Northrop Grumman, Boeing Defense, Space & Security, General Dynamics, BAE Systems, L3Harris Technologies and Huntington Ingalls Industries. Broad incumbents are Thales Group, Leonardo S.p.A. and Textron.
Does Lockheed Martin have an API?
No public API is recorded for Lockheed Martin.
What industry is Lockheed Martin in?
Lockheed Martin's product category is Defense and Aerospace Systems. Its primary akta.pro industry code is IMABAAAB, Military Fixed-Wing Aircraft Manufacturing, with a secondary code of IMABAAAH, Special-Mission Fixed-Wing Aircraft Manufacturing (ISR, AEW&C, Patrol). Its NAICS code is 336414 and its SIC code is 3760.