Lockheed Martin
Lockheed Martin is a global aerospace and defense technology company focused on the design, manufacture, and sustainment of advanced technology systems for national security and scientific exploration. The company provides integrated solutions across air, land, sea, space, and cyber domains to deter conflict and protect global interests. Its core value proposition lies in delivering high-performance platforms and mission-critical technologies to the U.S. government and international allies.
Financials
Based on Q1 2026 filing
Revenue
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Aeronautics
primaryResearch, design, and manufacture of advanced military aircraft, including combat and air mobility platforms and unmanned air vehicles. This segment includes the company's largest program and focuses on fifth-generation stealth technology and advanced development through its Skunk Works organization.
F-35 Lightning II, C-130 Hercules, F-16 Fighting Falcon, F-22 Raptor
U.S. Air Force, U.S. Marine Corps, U.S. Navy, International allied governments
Missiles and Fire Control (MFC)
majorProvides air and missile defense systems, tactical missiles, precision strike weapons, and fire control systems. The segment also offers logistics and mission operations support for special operations forces and develops hypersonic strike weapons.
PAC-3, THAAD, HIMARS, Javelin, Hellfire, JASSM, LRASM, Sniper Advanced Targeting Pod (SNIPER)
U.S. Army, U.S. Navy, U.S. Air Force, Special Operations Forces, International defense agencies
Rotary and Mission Systems (RMS)
majorDesigns and manufactures military and commercial helicopters, sea- and land-based missile defense systems, and integrated warfare sensors. It also provides cyber solutions, simulation training, and support for surface ships.
Black Hawk, Seahawk, CH-53K King Stallion, Aegis Combat System, Littoral Combat Ship (LCS), Combat Rescue Helicopter (CRH)
U.S. Navy, U.S. Air Force, Foreign militaries, Commercial helicopter operators
Space
majorEngaged in the development of satellites, space transportation systems, and strategic missile systems. This segment supports national security through missile warning systems, GPS modernization, and human space exploration vehicles.
Trident II D5 Fleet Ballistic Missile, Orion Multi-Purpose Crew Vehicle, GPS III, Next Generation Overhead Persistent Infrared (Next Gen OPIR), Next Generation Interceptor (NGI)
U.S. Space Force, U.S. Navy, NASA, Missile Defense Agency (MDA)
Segment Financials
Aeronautics — Total Assets
View metricF-35 Program At Aeronautics — Increase in contract assets
View metricRMS — Total Assets
View metricMissile Defense Programs At MFC — Contract Liabilities
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View metricRMS — Reach-forward loss
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View metricBusiness Overview
Competitive Position
Lockheed Martin is a dominant prime contractor in the global defense industry, holding the lead position on the world's largest defense program (F-35) and maintaining a significant technological moat through classified programs and advanced R&D.
Geographies
United States, Europe, Asia-Pacific, Middle East
Customer Segments
Federal government agencies, Military branches, International sovereign governments, Intelligence communities
Upstream Dependencies
Specialty metal suppliers (Titanium, Aluminum), Rare earth mineral miners, Semiconductor and microelectronics manufacturers, Tier 2 and Tier 3 aerospace component suppliers
Downstream Customers
U.S. Department of Defense, NASA, Foreign Ministries of Defense, U.S. Department of Homeland Security
Competitors & Partners
Competitors
General Dynamics
GD
Competitor in marine systems and mission technologies
Northrop Grumman
NOC
Competitor in aeronautics, space, and mission systems
Boeing
BA
Primary competitor in aeronautics and space systems
Raytheon Technologies
RTX
Competitor in missiles, sensors, and aerospace systems
L3Harris Technologies
LHX
Competitor in C6ISR and mission systems
Palantir Technologies Inc.
PLTR
Government contractor and defense technology competitor
Subsidiaries
Sikorsky
Helicopter manufacturing unit within the RMS segment
Lockheed Martin FAQ
Common questions about Lockheed Martin
Lockheed Martin is a global aerospace and defense technology company focused on the design, manufacture, and sustainment of advanced technology systems for national security and scientific exploration. The company provides integrated solutions across air, land, sea, space, and cyber domains to deter conflict and protect global interests. Its core value proposition lies in delivering high-performance platforms and mission-critical technologies to the U.S. government and international allies.
Lockheed Martin (LMT) has a market capitalization of $120.54B and trades on NYSE.
Lockheed Martin generated $75.1B in trailing twelve-month revenue with net income of $4.8B, representing a net margin of 6.4%. Gross margin stands at 9.8%, with free cash flow of $5.8B. These figures are based on the Q1 2026 filing.
Lockheed Martin's key competitors include General Dynamics, Northrop Grumman, The Boeing Company, and others. These companies compete in similar markets and product categories.
Lockheed Martin has approximately 122,000 employees.