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.
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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
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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
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
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
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
Frequently asked questions
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What was the total ICT spending of Lockheed Martin in 2022?
The annual ICT spending of Lockheed Martin was estimated at $5.3 billion in 2022.
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Which was the key ICT spending category by function for Lockheed Martin?
Data center was the key ICT spending category by function for Lockheed Martin in 2022.
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Which was the key ICT spending category by channel for Lockheed Martin?
Internal development and maintenance was the key ICT spending category by channel for Lockheed Martin in 2022.
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Which was the key ICT spending category by segment for Lockheed Martin?
Software (including cloud SaaS) was the key ICT spending category by segment for Lockheed Martin in 2022.
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What are the key technology themes in focus for Lockheed Martin?
The key technological theme in focus for Lockheed Martin are AI, big data, 3D printing, counter-drone technologies, alternative propulsion, blockchain, cloud, and cybersecurity, among others.
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