Lockheed Martin Corporation

Company purpose

• Global aerospace and defense technology company that builds and sustains solutions to deter conflict, advance national security, and support scientific exploration.
• Operates as one company with four interlinked business areas: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
• Serves defense, space, intelligence, homeland security, information technology, and cybersecurity needs for U.S. and international customers; principal customers are U.S. Government agencies and allied governments.

Business segments and focus

Aeronautics

• Designs, develops, manufactures, integrates, sustains, and upgrades advanced military aircraft (including unmanned systems) and related technologies.
• Major programs include F-35 Lightning II (largest program), C-130 Hercules, F-16, and F-22.
• The F-35 accounted for 27% of total consolidated sales in 2025 and 67% of Aeronautics’ sales in 2025.
• Conducts Advanced Development Programs (Skunk Works) for future systems, including aircraft, unmanned systems, and hypersonics.

Missiles and Fire Control (MFC)

• Provides air and missile defense systems, tactical missiles, precision strike weapons, and related support services.
• Major programs include PAC-3, THAAD, MLRS, PrSM, JASSM, LRASM, Hellfire, JAGM, Javelin, Apache fire control, SNIPER, IRST21, and SOF GLSS.
• Engaged in hypersonics programs with the U.S. Air Force and Army.

Rotary and Mission Systems (RMS)

• Designs, manufactures, services, and supports helicopters, missile defense systems, radar, laser, surface and undersea combat systems, C2ISR, cyber, simulation, and training.
• Key product lines include Sikorsky helicopters (Black Hawk, Seahawk, CH-53K, CRH), Aegis/SEMS/MIC2 portfolios, and training/TSL programs.
• Effective January 2026, IWSS and C6ISR lines were restructured into SEMS and MIC2.

Space

• Researches and develops satellites, space transportation, and defense/strike systems; integrates space and ground systems for intelligence and security.
• Major programs include Trident II D5 FBM, Next Gen OPIR, Next Generation Interceptor (NGI), Orion, GPS III, and hypersonics initiatives.
• Transport and Tracking Layer satellites support a proliferated space architecture.

Scale and workforce

• Approximately 123,000 employees as of December 31, 2025.
• About 72,000 engineers, scientists, and information technology professionals.
• Approximately 93% of employees are located in the United States.
• Approximately 19% of employees are covered by collective bargaining agreements.

Customers and market presence

• Principal customers are U.S. Government agencies and allied governments.
• In 2025, about 72% of total consolidated sales were derived from U.S. Government work, including 63% from the Department of Defense under 10 U.S.C. § 111(a).
• Business relies heavily on U.S. Government contracts, foreign military sales (FMS), and direct international sales.

Geography and facilities

• Operated 333 locations globally at year-end 2025.
• Managed or occupied 9 government-owned facilities under lease or other arrangements.
• Major U.S. locations include Palmdale (CA), Marietta (GA), Greenville (SC), and Fort Worth (TX), among others.
• Total floor space across all segments: 66.5 million square feet (Owned 35.4M, Leased 14.1M, Government-owned 17.0M).

Data and intellectual property

• Maintains a substantial portfolio of U.S. and foreign patents and trademarks; owns copyrights, trade secrets, and R&D know-how.
• U.S. Government rights to IP developed under government contracts or with government funding are governed by FAR/DFARS; non-U.S. governments may have rights under applicable agreements.
• Actively engages in licensing IP with third parties.

Financial and asset context

• Goodwill on the consolidated balance sheet was approximately $11.3 billion as of December 31, 2025, representing about 19% of total assets.
• The F-35 program represents a material portion of company sales given its share of consolidated and Aeronautics revenue.

Strategic and operational priorities

• Pursues multi-year business transformation and investments in digital infrastructure, AI, autonomy, and networked/open-architecture systems.
• Aims to deliver “overwhelming capability and value” quickly and at scale to meet demand from government customers and allied partners.
• Focuses on expanding production capacity, managing supplier relationships and supply chain resilience, and deepening collaboration with commercial partners, joint ventures, and equity investments.