Lockheed Martin

Lockheed Martin Corporation

Company type	Public
Traded as	NYSE: LMT S&P 100 component S&P 500 component
Industry	Aerospace, Defense
Predecessors	Lockheed Corporation Martin Marietta
Founded	March 15, 1995; 30 years ago (1995-03-15)
Headquarters	Bethesda, Maryland, United States
Area served	Worldwide
Key people	James D. Taiclet (chair, president & CEO)
Revenue	US$71.04 billion (2024)
Operating income	US$7.013 billion (2024)
Net income	US$5.336 billion (2024)
Total assets	US$55.62 billion (2024)
Total equity	US$6.333 billion (2024)
Number of employees	121,000 (2024)
Divisions	Aeronautics Missiles and Fire Control Rotary and Mission Systems Space
Website	lockheedmartin.com
Footnotes / references [1]

The Lockheed Martin Corporation is an American defense and aerospace manufacturer. It was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995. It is headquartered in North Bethesda, Maryland, United States. As of January 2022, Lockheed Martin employs approximately 121,000 employees worldwide, including about 60,000 engineers and scientists.^[2]

The company operates 4 divisions: Lockheed Martin Aeronautics (39% of 2024 revenues), which includes Skunk Works, the F-35 Lightning II strike fighter, the Lockheed C-130 Hercules military transport aircraft, the F-16 Fighting Falcon, and the F-22 Raptor; Lockheed Martin Missiles and Fire Control (18% of 2024 revenues), which includes the MIM-104 Patriot surface-to-air missile, the Terminal High Altitude Area Defense, the M270 Multiple Launch Rocket System, the Precision Strike Missile, the AGM-158 JASSM air-launched cruise missile, the AGM-158C LRASM anti-ship missile, the AGM-114 Hellfire, the Apache fire-control system, the Sniper Advanced Targeting Pod, Infrared search and track, and support services for special forces; Lockheed Martin Rotary and Mission Systems (24% of 2024 revenues), which includes Sikorsky Aircraft such as the Sikorsky UH-60 Black Hawk, Sikorsky HH-60 Pave Hawk, Sikorsky VH-92 Patriot, Sikorsky CH-53K King Stallion, and Sikorsky SH-60 Seahawk, the Aegis Combat System, Littoral combat ships, Freedom-class littoral combat ships, River-class destroyers, and the C2BMC missile defense program; and Lockheed Martin Space (18% of 2024 revenues), which includes the UGM-133 Trident II ballistic missile, the Orion spacecraft, the Next-Generation Overhead Persistent Infrared, GPS Block III, hypersonic weapons and transport layer programs and the Ground-Based Interceptor.^[1]

In 2024, 73% of the company's revenue came from the federal government of the United States, including 65% from the United States Department of Defense.^[1] In 2024, 26% of revenue was from sales of the Lockheed Martin F-35 Lightning II strike fighter.^[1]

Lockheed Martin is also a contractor for the U.S. Department of Energy and the National Aeronautics and Space Administration (NASA).^[3] It also provides products and services to the Department of Defense and the Department of Energy to the Department of Agriculture and the Environmental Protection Agency. It is involved in surveillance and information processing for the CIA, the FBI, the Internal Revenue Service (IRS), the National Security Agency (NSA), the Pentagon, the Census Bureau, and the Postal Service.^[4]

The company has received the Collier Trophy six times, including in 2001 for being part of developing the X-35/F-35B LiftFan Propulsion System^[1][5][6] and in 2018 for the Automatic Ground Collision Avoidance System (Auto-GCAS). Lockheed Martin is currently developing the F-35 Lightning II and leads the international supply chain, leads the team for the development and implementation of technology solutions for the new USAF Space Fence (AFSSS replacement),^[1] and is the primary contractor for the development of the Orion command module.^[1] The company also invests in healthcare systems, renewable energy systems, intelligent energy distribution, and compact nuclear fusion.^[1][7][8]

The company was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995.