Lockheed Martin(NYSE) LMT

Lockheed Martin builds aircraft and defense systems for governments and allies. Its fighter jets help protect airspace, while satellites support secure communications. These products serve military, security, and space exploration needs worldwide.

Gadgets in the Sky: What Lockheed Martin Sells

• Aeronautics (40.3% of revenue): Fighter jets and transport planes for military and government use.
• Missiles and Fire Control (17.9%): Missile defense systems and precision weapons for national security agencies.
• Rotary and Mission Systems (24.3%): Military helicopters, radar, and command systems for air, land, and sea operations.
• Space (17.6%): Satellites and space vehicles for secure communications and intelligence gathering.

Growth Spurts and New Frontiers

• Acquired Terran Orbital in 2024 to expand satellite capabilities.
• Sold Commercial Engine Solutions business in 2024.
• Invested in digital transformation, artificial intelligence, and hypersonic technology since 2022.
• Expanded production of missile systems and helicopters in response to global demand since 2023.

Why Lockheed Martin Is a Bit Different

Lockheed Martin’s global network supports governments in over 50 countries. Its scale and technical expertise allow it to deliver complex defense projects. The company’s focus on digital innovation and integration across air, land, sea, and space sets it apart.

Five Things You Need to Know

• Net sales were $71.04 billion in 2024, up 5.1% from 2023.
• 73% of 2024 sales came from the U.S. government; 26% were international.
• Operating profit was $7.01 billion in 2024, down 17.6% from 2023.
• Backlog reached $176.0 billion at year-end 2024, up 9.6% from 2023.

Bottom Line

Lockheed Martin has evolved through diversification and digital innovation. Its broad portfolio and global reach support long-term stability in the defense sector.