- Business
- Lockheed Martin Corporation (NYSE: LMT) is a leading global security and aerospace company that designs, develops, manufactures, integrates, and sustains advanced technology systems, products, and services for defense, civil, and commercial customers worldwide. Formed in 1995 by the merger of Lockheed Corporation and Martin Marietta and headquartered in North Bethesda, Maryland, the company operates through four primary business segments: Aeronautics, which produces combat aircraft including the F-35 Lightning II, F-16 Fighting Falcon, F-22 Raptor, and C-130 Hercules transport aircraft; Missiles and Fire Control, offering precision strike weapons such as the PAC-3 missile, Javelin anti-tank system, AGM-158 JASSM cruise missile, and fire control systems; Rotary and Mission Systems, encompassing Sikorsky helicopters like the UH-60 Black Hawk, CH-53K King Stallion, and VH-92 Patriot, alongside Aegis Combat System, littoral combat ships, radar systems, and cybersecurity solutions; and Space, providing satellites, the Orion spacecraft, GPS III navigation satellites, Trident II D5 ballistic missiles, hypersonic weapons, and launch services. It serves principally the U.S. government (73% of 2024 revenue, primarily the Department of Defense), with additional contracts from NASA, the Department of Energy, and international allies across the United States, Europe, Asia-Pacific, and the Middle East; the company maintains over 1,000 subsidiaries in 30 countries and employs approximately 121,000 people. Recent developments include the 2024 acquisition of Terran Orbital for $450 million to bolster satellite manufacturing and modular space vehicle capabilities, enhancing ongoing Space Development Agency programs; the June 2025 completion of the acquisition of Amentum's Rapid Solutions business to integrate advanced radar and payload technologies for multi-domain intelligence, surveillance, and reconnaissance within its Space segment and Golden Dome for America architecture; a $383 million investment in a new Florida facility for Trident II D5 missile production modernization; a $4.5 billion U.S. Army contract in June 2024 for PAC-3 MSE missiles; the formation of subsidiaries ForwardEdge ASIC in 2023 for custom microelectronics and Astris AI in December 2024 for AI integration in defense operations; and over $700 million in 2024 R&D investments targeting payload technologies, autonomy, and hypersonics.