Lockheed Martin

Lockheed Martin Corporation
Company typePublic
Industry
Predecessors
FoundedMarch 15, 1995 (1995-03-15)
HeadquartersBethesda, Maryland, United States
Area served
Worldwide
Key people
James Taiclet (chair, president & CEO)
RevenueIncrease US$71.04 billion (2024)
Decrease US$7.013 billion (2024)
Decrease US$5.336 billion (2024)
Total assetsIncrease US$55.62 billion (2024)
Total equityDecrease US$6.333 billion (2024)
Number of employees
  • 116,000 (2022)[1][2]
  • 121,000 (2024)
Divisions
Websitelockheedmartin.com Edit this at Wikidata
Footnotes / references
[3]
The C-130 Hercules has been in production since the 1950s with the C-130J variant being produced now.
Submarine launch of a Lockheed UGM-133 Trident II SLBM

The Lockheed Martin Corporation is an American defense and aerospace manufacturer. It is headquartered in North Bethesda, Maryland, United States. The company was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995.

Lockheed Martin 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.[3]

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.[3] In 2024, 26% of revenue was from sales of the F-35 fighter.[3]

Lockheed Martin is also a contractor for the U.S. Department of Energy and the National Aeronautics and Space Administration (NASA).[4] 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.[5]

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[3][6][7] and in 2018 for the Automatic Ground Collision Avoidance System (Auto-GCAS). Lockheed Martin currently produces the F-35 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),[3] and is the primary contractor for the development of the Orion command module.[3] The company also invests in healthcare systems, renewable energy systems, intelligent energy distribution, and compact nuclear fusion.[3][8][9]

  1. ^ "US SEC: Form 10-K Lockheed Martin Corporation". United States Securities and Exchange Commission. January 26, 2023.
  2. ^ "CEO Speaker Series with James Taiclet of Lockheed Martin". Council on Foreign Relations. January 26, 2022. Retrieved January 30, 2022.
  3. ^ a b c d e f g h "US SEC: Form 10-K Lockheed Martin Corporation". United States Securities and Exchange Commission. January 28, 2025.
  4. ^ "Lockheed Martin Corporation | American corporation". Encyclopedia Britannica. Retrieved March 27, 2020.
  5. ^ Hartung, William D. (January 12, 2011). "Is Lockheed Martin Shadowing You?". Mother Jones.
  6. ^ "Propulsion system for a vertical and short takeoff and landing aircraft" (PDF). 1990. Archived from the original (PDF) on November 12, 2020. Retrieved January 10, 2010. United States Patent 5209428 (pdf of original)
  7. ^ Collier Trophy; list of winners. Retrieved January 2010
  8. ^ "Army, Navy and Air Force on Track to Reach 3 GW of Solar by 2025". Greentech Media. May 17, 2013.
  9. ^ Emily W. Prehoda, et al. 2017. U.S. Strategic Solar Photovoltaic-Powered Microgrid Deployment for Enhanced National Security. Renewable & Sustainable Energy Reviews 78, 167–175. doi:10.1016/j.rser.2017.04.094

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