Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C. area. Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists as of January 2022.[3]

Lockheed Martin Corporation
Lockheed Martin logo.svg
Type
Public
Traded as
NYSE: LMT
S&P 100 Component
S&P 500 Component
Industry
Advanced Technologies
Information Security
Aerospace
Defense
Predecessors
Lockheed Corporation
Martin Marietta
Founded
March 15, 1995; 27 years ago
Headquarters
Bethesda, Maryland, U.S.
Area served
Worldwide
Key people
James D. Taiclet
(Chairman, President, and CEO)
Products
List
Atlas V Launch Vehicles
C-130J Super Hercules
F-35 Lightning II
Revenue
Increase US$67.04 billion (2021)
Operating income
Increase US$9.12 billion (2021)
Net income
Decrease US$6.32 billion (2021)
Total assets
Increase US$50.87 billion (2021)
Total equity
Increase US$10.96 billion (2021)
Number of employees
114,000 (2022)
Divisions
Aeronautics
Missiles and Fire Control
Rotary and Mission Systems
Space
Subsidiaries
List
Hellfire Systems, L.L.C.
Lockheed Martin Aerospace Systems Integration Corporation
Lockheed Martin Australia Pty Limited
Lockheed Martin Canada Inc.
Lockheed Martin Desktop Solutions, Inc.
Lockheed Martin Engine Investments, LLC
Lockheed Martin Global, Inc.
Lockheed Martin Integrated Systems, Inc.
Lockheed Martin Integrated Technology, LLC
Lockheed Martin International Service Corporation
Lockheed Martin Investments Inc.
Lockheed Martin Logistics Management, Inc.
Lockheed Martin Millimeter Technologies, Inc.
Lockheed Martin Operations Support, Inc.
Lockheed Martin Services, Inc.
Lockheed Martin Space Alliance Company
Lockheed Martin UK Ampthill Limited
Lockheed Martin UK Limited
Lockheed Martin BTS Limited
QTC Holdings Inc.
Sikorsky Aircraft
Website
www.lockheedmartin.com Edit this at Wikidata
Footnotes / references
[1][2]
Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry. It is the world's largest defense contractor by revenue for fiscal year 2014.[4] In 2013, 78% of Lockheed Martin's revenues came from military sales;[5] it topped the list of US federal government contractors and received nearly 10% of the funds paid out by the Pentagon.[6] In 2009, US government contracts accounted for $38.4 billion (85%), foreign government contracts for $5.8 billion (13%), and commercial and other contracts for $900 million (2%).[7]

Half of the corporation’s annual sales are to the U.S. Department of Defense. Lockheed Martin is also a contractor for the U.S. Department of Energy and the National Aeronautics and Space Administration (NASA).[8]

Lockheed Martin operates in four business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.[9] 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[10][11][12] and most recently in 2018 for the Automatic Ground Collision Avoidance System (Auto-GCAS). Lockheed Martin is currently developing the F-35 Lightning II 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),[13] and is the primary contractor for the development of the Orion command module.[14] The company also invests in healthcare systems, renewable energy systems, intelligent energy distribution, and compact nuclear fusion.[

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