Lockheed Martin Corp - Company Profile
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Lockheed Martin Corp (Lockheed Martin) is a manufacturer of security and aerospace products. The company is involved in research, design, development, manufacture, and integration of advanced technology systems, products, and services. It also offers management, technical, engineering, scientific, logistics, system integration and cybersecurity services. Its product portfolio includes military and rotary-wing aircraft, airlifter, ground vehicles, missiles and guided weapons, radar systems, sensors, unmanned systems, and naval systems. Lockheed Martin provides support and upgrade services for military aircraft, ground vehicles, missile defense systems, satellites, and space transportation systems. It serves the US government and commercial customers. The company's business operations span the Americas, Africa, Europe, Asia-Pacific, and the Middle East. Lockheed Martin is headquartered in Bethesda, Maryland, the US.
Headquarters
United States of America
Address
6801 Rockledge Drive, Bethesda, Maryland, 20817
Website
www.lockheedmartin.com
Telephone
1 301 8976000
No of Employees
122,000
Industry
Aerospace and Defense
Ticker Symbol & Exchange
LMT (NYSE)
Revenue (2022)
$67.6B
2.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
20.7%
(2022 vs 2021)
Market Cap*
$108.3B
Net Profit Margin (2022)
XYZ
17.8%
(2022 vs 2021)
* As of and is in US$
Lockheed Martin Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Aeronautics: | Engineering Support and Integration Services |
| Combat and Air Mobility Aircraft | Mission Operations Support |
| Unmanned Air Vehicles | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company secured a US$17 billion contract from the U.S. Missile Defense Agency to create the next generation of interceptors to protect the US from an intercontinental ballistic missile attack. |
| 2024 | Contracts/Agreements | In April, Lockheed Martin Rotary and Mission Systems secured a US$8.5 million modification contract from the Missile Defense Agency to establish new contract line-item numbers for the procurement of maintenance and security required upgrades for the Beowulf Cluster, Mobile Assets, Tail Sites, and the Advanced Threat Lab. |
| 2024 | New Products/Services | In April, the company and CoAspire revealed the new Mako Multi-Mission Hypersonic Missile at Sea Air Space 2024. |
Competitor Comparison
| Key Parameters | Lockheed Martin Corp | The Boeing Co | RTX Corp | General Dynamics Corp | Northrop Grumman Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Bethesda | Arlington | Arlington | Reston | Falls Church |
| State/Province | Maryland | Virginia | Virginia | Virginia | Virginia |
| No. of Employees | 122,000 | 171,000 | 185,000 | 111,600 | 101,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James D. Taiclet | President; Chief Executive Officer; Chairman | Executive Board | 2021 | 63 |
| Jesus Malave | Chief Financial Officer | Senior Management | 2022 | 55 |
| Frank A. St. John | Chief Operating Officer | Senior Management | 2020 | 57 |
| Yvonne O. Hodge | Chief Information Officer; Senior Vice President - Enterprise Business and Digital Transformation | Senior Management | 2020 | - |
| Dean Acosta | Chief Communications Officer; Senior Vice President | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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