In 2024, it is currently the number one defense company in the world
Posted: Sun Jan 19, 2025 7:23 am
of Employees: 122,000 Market Cap: $145.83 billion Lockheed Martin was formed in 1995 through the merger of Lockheed Corporation and Martin Marietta. Lockheed Corporation’s roots date back to 1912, while Martin Marietta was established in 1961. While initially focused on military aircraft and space systems, Lockheed Martin has evolved to encompass a broader range of defense and aerospace products, including missiles, combat systems, and unmanned systems. Lockheed Martin is one of the largest defense contractors globally, commanding a substantial share of the defense market.
generating about 96% of its revenue from defense contracts. The company continues ivory coast phone number resource to head projects like the F-35 Lightning II Joint Strike Fighter program, which has seen massive global interest, significantly contributing to its growth even as tensions in various geopolitical regions rise. Lockheed Martin generated approximately $67.6 billion in 2023 ($64.6 billion from defense), and $66.0 billion ($63.3 billion from defense) in revenue in 2022.
Its competitive advantages include advanced technology, a broad portfolio of high-tech defense systems, and strong government relationships. The company invests heavily in research and development, ensuring it remains at the forefront of defense technology. Competition Lockheed Martin faces competition from rivals like Northrop Grumman, RTX Corporation (formerly Raytheon Technologies), and Boeing’s defense sector. These competitors also develop advanced military hardware and systems. Lockheed’s focus on cutting-edge technologies like hypersonics, cybersecurity, and directed energy weapons positions it well in the evolving defense landscape.
generating about 96% of its revenue from defense contracts. The company continues ivory coast phone number resource to head projects like the F-35 Lightning II Joint Strike Fighter program, which has seen massive global interest, significantly contributing to its growth even as tensions in various geopolitical regions rise. Lockheed Martin generated approximately $67.6 billion in 2023 ($64.6 billion from defense), and $66.0 billion ($63.3 billion from defense) in revenue in 2022.
Its competitive advantages include advanced technology, a broad portfolio of high-tech defense systems, and strong government relationships. The company invests heavily in research and development, ensuring it remains at the forefront of defense technology. Competition Lockheed Martin faces competition from rivals like Northrop Grumman, RTX Corporation (formerly Raytheon Technologies), and Boeing’s defense sector. These competitors also develop advanced military hardware and systems. Lockheed’s focus on cutting-edge technologies like hypersonics, cybersecurity, and directed energy weapons positions it well in the evolving defense landscape.