Lockheed Martin Corp – Digital Transformation Strategies

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Lockheed Martin Digital Transformation Strategies Report Overview

Lockheed Martin Corp (Lockheed Martin) is tapping into key disruptive technologies including AI, big data, 3D printing, counter-drone technologies, alternative propulsion, blockchain, cloud, and cybersecurity, among others to enhance its business operations and product offerings. The annual ICT spending of Lockheed Martin is estimated at $5.3 billion for 2022. A major share of this spending is earmarked for acquiring software, hardware and network & communications from vendors. Lockheed Martin is a US-based aerospace and security company engaged in the research, development, design, manufacture, integration and sustainment of technology systems, services, and products. The company has four business segments, namely Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment develops and produces a variety of military aircraft, including combat and air mobility aircraft and unmanned aircraft, among others. The Missiles and Fire Control segment produces tactical missiles and air-to-ground precision strike weapon systems, air and missile defense systems, manned and unmanned ground vehicles, and fire control systems. The Rotary and Mission Systems segment produces helicopters, surface ships, cyber solutions, and sea and land-based missile defense systems. The Space segment produces satellites and space transportation systems.

Total ICT Spending 2022 $5.3 billion
ICT Spend by Function Data center, Communications, Network, Application, End-User computing, Management, and Service desk
ICT Spend by Channel Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators
External ICT Spend by Segment Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others
Technology Theme Focus AI, big data, 3D printing, counter-drone technologies, alternative propulsion, blockchain, cloud, and cybersecurity, among others.

The Lockheed Martin Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, investments, and ICT spending among others.

Digital Transformation Strategies

Lockheed Martin is applying AI to enhance existing products and to develop innovative smart products. For instance, the company is enhancing its existing Aegis Combat System with AI technologies. The enhanced system will be able to detect, identify, and track threats, including hypersonic missiles, quickly and accurately by identifying patterns in data.

To gain more insights on digital transformation strategies and initiatives of Lockheed Martin, download a free report sample

Lockheed Martin Technology Theme Focus

Lockheed Martin is strengthening its focus on the use of key disruptive technologies to enhance its business operations and product offerings. To do so, it is tapping into key disruptive technologies including AI, big data, 3D printing, counter-drone technologies, alternative propulsion, blockchain, cloud, and cybersecurity, among others.

Lockheed Martin Technology Focus

Lockheed Martin Technology Focus

To know about other technology themes under focus for the company, download a free report sample

Lockheed Martin Technology Initiatives

Lockheed Martin has been involved in several strategic technology partnerships and collaborations, and technology roll outs over the past few years. For instance, in 2023, the company integrated a 3D printed omnidirectional antenna for communication relay onto its GPS III satellite. The teardrop-shaped 3D printed omnidirectional antenna is part of the satellite’s telemetry, tracking and command subsystem. It allows the satellite to send and receive signals from ground systems on earth.

For more insights on other technology initiatives of Lockheed Martin, download a free report sample

Lockheed Martin ICT Spend by Function

  • Data center
  • Communications
  • Network
  • Applications
  • End-user computing
  • Management
  • ICT Service desk

Lockheed Martin ICT Spend by Function, 2022

Lockheed Martin ICT Spend by Function, 2022

For more insights on ICT spending by function, download a free report sample

Lockheed Martin ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/consulting firms
  • Specialist outsourcers
  • Systems integrators

Lockheed Martin ICT Spend by Channel, 2022

Lockheed Martin ICT Spend by Channel, 2022

For more insights on ICT spending by channel, download a free report sample

Lockheed Martin External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • ICT services
  • Consulting
  • Network and communications
  • Others

Lockheed Martin External ICT Spend by Segment, 2022

Lockheed Martin External ICT Spend by Segment, 2022

For more insights on external ICT spending by segment, download a free report sample

Scope

This report provides:

  • Insight into Lockheed Martin’s technology activities.
  • Overview of technology initiatives covering partnerships, technology introductions and investments.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets.

Reasons to Buy

  • Gain insights into Lockheed Martin’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various partnerships, technology introductions and investments.

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Table of Contents

Overview                                                                                              

– Brief information about the company, its business divisions, and its financials

Digital Transformation Strategy                                                      

– A summary of key digital strategies/implementation efforts of the company

Accelerators, Incubators, and Other Innovation Programs      

– Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation

Technology Focus                                                                                

– Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company

Technology Initiatives                                                                        

Discussion about all the technology introductions & partnerships the company has entered

Venture Arm: Lockheed Martin Ventures                                     

Brief information about the Company’s Ventures and its the key decision makers

Investment                                                                                           

Brief discussion about the investments made by the company to acquire new technologies

Partnership and Investment Network Map                                 

– A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years

ICT Budget and Contracts                                                                  

– The company’s ICT budget segregated into hardware, software, and managed IT services

Key Executives                                                                                     

– Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers

Frequently asked questions

Lockheed Martin Corp – Digital Transformation Strategies standard reports
Currency USD
$1,495

Can be used by individual purchaser only

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


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