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. The company’s 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
116,000
Industry
Aerospace and Defense
Ticker Symbol & Exchange
LMT (NYSE)
Revenue (2022)
$66.0B
-1.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-9.2%
(2022 vs 2021)
Market Cap*
$102.9B
Net Profit Margin (2022)
XYZ
-7.8%
(2022 vs 2021)
* As of and is in US$
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 |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with Poland for procurement of AH-64E Apache attack helicopters. |
| 2023 | Contracts/Agreements | In September, the company and Lockheed Martin Aeronautics secured US$196.5 million contract from the Naval Air Systems Command for the upgrade of the verification and validation systems being utilized in the US Reprogramming Laboratory and the Norway Italy Reprogramming Laboratory. |
| 2023 | Contracts/Agreements | In September, the company and Lockheed Martin Aeronautics secured US$100 million modification contract from Naval Air Systems Command to procure software licenses, prototypes, digital twins, and associated test hardware required to support F-35 Block Four early capability development for the Air Force, Navy, Marine Corps, and non-Department of Defense participants. |
Competitor Comparison
| Key Parameters | Lockheed Martin Corp | RTX Corp | The Boeing Co | 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 | 116,000 | 182,000 | 156,000 | 106,500 | 95,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James D. Taiclet, Jr | President; Chairman; Chief Executive Officer | Executive Board | 2021 | 62 |
| Jesus Malave | Chief Financial Officer | Senior Management | 2022 | 54 |
| Frank A. St. John | Chief Operating Officer | Senior Management | 2020 | 56 |
| Dean Acosta | Chief Communications Officer; Senior Vice President | Senior Management | 2019 | - |
| Yvonne O. Hodge | Senior Vice President - Enterprise Business and Digital Transformation; Chief Information Officer - Enterprise Business and Digital Transformation | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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