Lockheed Martin

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).

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

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

• Defense systems
• Aerospace manufacturing
• Military aircraft
• Missile defense
• Space systems

Headquarters

HQ city

Bethesda

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Core 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.

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves9 records

Expansion highlights7 records

Direct 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

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Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries7 records

Funding overview

Funding rounds8 records

Investors3 records

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M&A34 records

Investments32 records

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Frequently asked questions about Lockheed Martin