Lockheed Martin Space

What Lockheed Martin Space does

Lockheed Martin Corporation is a publicly traded U.S. global security and aerospace prime contractor (NYSE: LMT) formed in 1995 from the merger of Lockheed Corporation and Martin Marietta, headquartered in Bethesda, Maryland, with approximately 116,000 employees worldwide. The company designs, develops, manufactures, integrates, and sustains advanced technology systems across four business areas — Aeronautics (F-35, F-16, C-130, Skunk Works advanced development), Missiles and Fire Control (THAAD, PAC-3 MSE, Javelin, HIMARS, GMLRS, PrSM, JASSM, LRASM), Rotary and Mission Systems (Sikorsky Black Hawk, LCS Freedom-variant, Aegis, IBCS), and Space (Orion, satellites, Next Generation Interceptor) — alongside emerging technology lines in hypersonics, 5G.MIL, quantum, and AI (AI Fight Club, STAR.OS).

Revenue is generated primarily through long-cycle, multi-year defense procurement contracts with the U.S. Department of War, U.S. Army, U.S. Navy, U.S. Air Force, U.S. Marine Corps, and the Missile Defense Agency, supplemented by Foreign Military Sales to allied governments (F-16 operators in 28 countries, Australia, NATO and Indo-Pacific partners) and partnership programs with NASA (Orion/Artemis). Q2 2026 sales of $20.1 billion (up 11% year-over-year) and a record $230 billion backlog underscore the contracted, anchor-customer nature of revenue. Production capacity is being actively scaled — THAAD quadrupling, PAC-3 MSE targeting 650 interceptors per year by 2027, Javelin to 3,960 per year by late 2026, HIMARS doubled to 96 launchers per year — alongside strategic collaborations such as the 2026 GM Defense manufacturing partnership.

Distribution is exclusively direct-to-government (B2G), with no commercial or consumer channels. The 1LMX digital transformation program creates a model-based enterprise with an integrated digital thread across the product lifecycle, while AI/ML is embedded in mission systems (Auto GCAS, Sniper ATP, Legion-ES), manufacturing (predictive analytics, Software Factory DevSecOps), and emerging products (AI Fight Club, STAR.OS). Geographically, the company operates in 21+ countries across North America, Europe, the Middle East, Asia-Pacific, and Latin America, with a dedicated R&D footprint in Australia (AST) and a multi-decade sustainment lock-in through the F-16 fleet contracted through 2060+.

Name

Lockheed Martin Space

Legal name

Lockheed Martin Corporation

Website

https://lockheedmartin.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Lockheed Martin Corporation is a U.S. publicly traded global aerospace and defense prime contractor serving the U.S. Department of Defense, allied governments via Foreign Military Sales, and NASA, designing and producing aircraft, missile defense, naval, rotary-wing, and space systems across four business areas.

Ownership category

akta.pro rank

Product category

Aerospace and Defense Systems

NAICS

Guided Missile and Space Vehicle Manufacturing (336414), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419), Aerospace Product and Parts Manufacturing (33641), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), 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 & Parts (3720)

akta.pro primary industry

Spacecraft & Satellites (Civil/Commercial) (IMABACAB)

akta.pro secondary industries

Military Space Systems (Defense Spacecraft) (IMABACAC), Space Payloads & Instruments (Sensors, Comms, EO/IR) (IMABACAD), Spacecraft Avionics, Flight Computers & Software (IMABACAI), Space-Based Defense Systems (SSA, Missile Warning, Protected SATCOM) (IMABAOAH), Space Defense & Missile Warning (BPAIAHAF), Military Aerospace Engines & Propulsion (IMABAMAD)

Keywords

• Space systems
• Missile defense systems
• Military aircraft manufacturing
• Precision strike weapons
• Naval combat systems

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices21 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Defense Aircraft: Design, development, and production of military aircraft including F-35 Lightning II, F-16 Fighting Falcon Block 70/72, C-130 tactical airlift, and related sustainment. Revenue from original equipment production and lifecycle support.
2. Missile Defense Systems: Precision-guided missiles and air defense systems including THAAD, PAC-3 MSE, Javelin, GMLRS, HIMARS, PrSM, JASSM, LRASM. Major production contracts with U.S. and allied governments.
3. Naval Systems: Freedom-variant Littoral Combat Ship (LCS) production through Lockheed Martin-led team with Fincantieri Marinette Marine. COMBATSS-21 combat management system integration.
4. Space Systems: Satellite systems, deep space exploration (Orion, Artemis), national security space, and weather/earth science missions. Includes small satellite production facility with capacity for 180 spacecraft per year.
5. Training & Simulation: Training systems for F-16 pilots and maintainers, simulation solutions, and advanced training technologies including augmented reality integration.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Lockheed Martin Space, as the space and strategic systems business area of Lockheed Martin Corporation, designs, develops, and manufactures advanced satellites, strategic missile defense systems, hypersonic and precision strike weapons, and crewed/uncrewed space exploration vehicles. It sells integrated national security space payloads, missile warning systems, and deep-space exploration platforms primarily to the U.S. Department of Defense, NASA, and allied governments. The Space division is part of one of the world's largest defense contractors, with more than 105,000 employees supporting global defense, space, and strategically integrated mission capabilities across air, land, sea, space, and cyber domains.

Product overview

Lockheed Martin is a global aerospace and defense company offering a broad portfolio of defense systems across five business areas: Aeronautics (F-35, F-16, C-130), Missiles and Fire Control (Javelin, PAC-3 MSE, THAAD, HIMARS, GMLRS, PrSM, JASSM, LRASM), Rotary and Mission Systems (Sikorsky helicopters, LCS, Apache sensors), and Space (Orion, satellites, missile defense). The company also provides advanced technology solutions including AI Fight Club, STAR.OS, 5G.MIL, hypersonics, and quantum technology. Their 21st Century Security strategy connects systems across air, land, sea, space, and cyber domains through integrated mission solutions, software factories, and digital transformation initiatives (1LMX program). Products range from individual weapons (Javelin, GMLRS) to complete platforms (F-35, Orion spacecraft) and enterprise-level command systems (Aegis, IBCS).

Differentiator

Problem solved

Functional benefit

Brands

• Skunk Works: Advanced Development Projects division known for classified aerospace development including F-35, F-22, SR-71, U-2
• F-35 Lightning II
• THAAD
• Javelin
• HIMARS
• PAC-3 MSE
• GMLRS
• Precision Strike Missile (PrSM)
• JASSM
• LRASM
• 1LMX
• Software Factory
• Sikorsky
• LM Ventures
• LM Evolve
• Auto GCAS
• Legion-ES
• Sniper ATP
• Sniper NTP
• 21st Century Security
• STELaRLab

Named customers12 records

Segments6 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability14 records

Feature5 records

Partnerships

13 partnerships are on record, tiered core and major.

• GM DefensecoreStrategic or Co-development Partner · 16 June 2026Strategic collaboration between two American manufacturing leaders to strengthen America's manufacturing and defense industrial base. Partnership combining manufacturing expertise and production capabilities to expand critical munitions capacity when most needed.
• Fincantieri Marinette MarinecoreStrategic or Co-development PartnerShipbuilding team partnership for Freedom-variant Littoral Combat Ship production. Fincantieri Marine Group operates shipyards in the Great Lakes region including Marinette Marine shipyard.
• Gibbs & CoxmajorStrategic or Co-development PartnerMaritime solutions firm specializing in naval architecture and marine engineering. Founded 1929, has provided designs for nearly 80% of current U.S. Navy surface combatant fleet.
• Raytheon (Javelin Joint Venture)coreStrategic or Co-development PartnerJoint venture between Lockheed Martin (Orlando, FL) and Raytheon (Tucson, AZ) for Javelin weapon system development and production. Javelin is world's premier shoulder-fired anti-armor system.
• University of Adelaide / Australian Institute for Machine LearningcoreStrategic or Co-development PartnerFoundation industry partner to Australian Institute for Machine Learning at University of Adelaide, ranked #3 in world for computer vision R&D. Supports R&D, scholarships, internships and graduate positions.
• University of QueenslandmajorStrategic or Co-development PartnerAustralia's premier research university in hypersonics. AST collaborates closely and has staff embedded in UQ programs for hypersonics research.
• Concept to Capability Defence Trailblazer (UNSW)majorStrategic or Co-development PartnerMultiple programs with Concept to Capability Defence Trailblazer funding programs at University of Adelaide and University of New South Wales in hypersonics, space systems, and AI.
• U.S. Department of WarcoreOthersMultiyear framework agreements to increase munitions production including THAAD ($35B contract), precision strike missiles, and critical defense systems.
• NASAcoreStrategic or Co-development PartnerArtemis program partnership for Orion spacecraft development. Artemis II marked major milestone for deep space exploration with Orion completing historic mission around the moon.
• Korea Aerospace IndustriesmajorStrategic or Co-development PartnerT-50 platform augmented reality integration partnership with Red 6. Initial AR integration work for T-50 aircraft training systems.
• Red 6majorTechnology or IntegrationAugmented reality integration for TF-50 and T-50 platforms. AR technology enabling advanced training for pilots.
• Northrop GrummanmajorTechnology or IntegrationAPG-83 AESA radar supplied for F-16 Block 70/72, providing 5th Generation fighter radar capabilities with hardware/software commonality to F-22 and F-35 radars.
• U.S. Air Force Research LaboratorycoreStrategic or Co-development PartnerJoint development of Auto GCAS with AFRL spanning nearly three decades. Continued collaboration on collision avoidance technologies.

Scale indicators29 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BAE Systems: Direct peer in combat vehicles, naval ships, electronic warfare, and munitions, with substantial U.S. DoD and allied exposure via the F-35 and Typhoon programs.
• Northrop Grumman: Direct defense prime peer with overlapping portfolios in missile defense, space systems (B-21 Raider, satellite payloads), and strategic weapons. Both compete for major U.S. DoD programs and have comparable FMS franchise exposure.
• Boeing Defense, Space & Security: Direct peer in military aircraft (F/A-18, F-15EX), space (Starliner, satellites), and missile systems. Competes for similar prime contracts and serves identical U.S. DoD and allied customers.
• General Dynamics: Direct defense prime peer in naval combat systems, combat vehicles (Abrams, Stryker), and mission systems. Overlapping customer base and comparable government contract exposure.
• L3Harris Technologies: Defense prime peer in mission systems, sensors, and communications with comparable government customer concentration. Competitor on integrated mission solutions and electronic warfare.
• Raytheon (RTX): Direct defense prime peer competing across missile defense (Patriot, SM-3), air-to-ground weapons, and is LM's Javelin joint venture partner. Comparable scale, customer base, and government contract structure.

Emerging players

• Anduril Industries: Emerging non-traditional defense technology competitor focused on autonomy, AI, and software-defined systems. Represents the new wave of defense entrants challenging traditional primes' software and autonomy franchises.
• SpaceX: Emerging disruptor in launch and space domain where LM Space operates. SpaceX is reshaping commercial launch economics and increasingly competes for national security space launch contracts.

Regional players

• Rheinmetall: European defense prime competing in munitions, air defense, and combat vehicles. Comparable on allied military demand surge but serves primarily European/NATO customer base.

Broad incumbents

• Textron: Broader defense and aerospace incumbent with Bell helicopters, Cessna, and weapons systems (Textron Systems). Overlapping customer base in U.S. DoD rotary wing and specialized munitions.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LMSpace
• YouTubeyoutube.com/user/LockheedMartinVideos
• Facebookfacebook.com/lockheedmartin
• LinkedInlinkedin.com/company/lockheed-martin-space
• Instagraminstagram.com/lockheedmartin

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lockheed Martin Space