Lockheed Martin Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Company Description
- CEO
- James D. Taiclet Jr.
- Full Time Employees
- 123,000
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 6801 Rockledge Drive Bethesda MD United States of America 20817
- IPO Date
- Jan 3, 1977
- CIK
- 0000936468
- Website
- lockheedmartin.com
- Similar Companies
- Business
- Lockheed Martin Corporation (NYSE: LMT) is a leading global security and aerospace company that designs, manufactures, and integrates advanced technology systems, products, and services for government and commercial customers. The company operates through four primary business segments: Aeronautics, which produces military aircraft such as the F-35 Lightning II, F-16 Fighting Falcon, and C-130 Hercules; Missiles and Fire Control, offering precision strike weapons including the Javelin anti-tank missile, Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense (THAAD), and Multiple Launch Rocket Systems (MLRS); Rotary and Mission Systems, providing Sikorsky helicopters like the Black Hawk and CH-53K King Stallion, along with radar systems, cybersecurity solutions, and mission operations services; and Space, developing satellites, space exploration vehicles, missile defense systems, and strategic missile systems such as the Trident II D5 Fleet Ballistic Missile. Its offerings also encompass hypersonic weapons, directed energy systems, unmanned systems, and logistics support services. Lockheed Martin serves primarily U.S. Department of Defense and international military customers, as well as civil and commercial space markets, with operations spanning the United States, Europe, Asia-Pacific, and other regions. Founded in 1995 through the merger of Lockheed Corporation (established 1926) and Martin Marietta (established 1961), the company is headquartered in Bethesda, Maryland. Subsidiaries include Sikorsky, a Lockheed Martin Company, and various joint ventures such as United Launch Alliance (ULA) with Boeing for launch services. In recent developments, Lockheed Martin secured a $4.5 billion contract in 2024 from the U.S. Army for F-16 Block 70/72 aircraft production and support, enhancing sustainment capabilities for international allies; advanced the F-35 program with Lot 18 low-rate initial production approval and deliveries exceeding 1,000 aircraft worldwide by mid-2025; partnered with the U.S. Space Force on the $5.6 billion National Security Space Launch (NSSL) Phase 3 Lane 1 contracts awarded in 2024 for GPS III and VI satellites; launched production enhancements for the Long Range Anti-Ship Missile (LRASM) and extended its Precision Strike Mission business with new hypersonic initiatives; and announced workforce expansions and facility investments in states like Alabama and Florida amid growing defense budgets under the current Trump administration. These moves reflect strategic expansions in hypersonics, space resilience, and integrated air defense amid global security demands.[ from prior]
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