- Business
- Lockheed Martin Corporation Lockheed Martin Corporation (NYSE: LMT) is a leading global security and aerospace company that designs, manufactures and sustains advanced technology systems, products and services primarily for the U.S. Department of Defense, federal government agencies, international governments and commercial customers; its core offerings span aeronautics including tactical fighter aircraft such as the F-35 Lightning II, airlift and sustainment solutions; missiles and fire control encompassing integrated air and missile defense systems, precision strike weapons like PAC-3 MSE, Javelin and Precision Strike Missile, air superiority and close combat systems; rotary and mission systems featuring Sikorsky helicopters including BLACK HAWK, CH-53K and FIREHAWK, maritime systems, radars, sensors, command and control, cyber solutions, simulation, training and undersea systems; and space systems covering national security spacecraft, satellites, launch services, hypersonics, missile defense and GPS III satellites. Headquartered in Bethesda, Maryland, the company traces its origins to 1912 through predecessor firms Lockheed Aircraft and Glenn L. Martin Company, with formal formation via the 1995 merger of Lockheed Corporation and Martin Marietta; it employs approximately 121,000 people across 350-plus facilities in the United States and internationally, supported by over 13,000 suppliers in every U.S. state and 52 countries. Lockheed Martin Corporation operates four principal business segments—Aeronautics ($28.6 billion in 2024 sales), Missiles and Fire Control ($12.6 billion), Rotary and Mission Systems ($17.2 billion, bolstered by Sikorsky) and Space ($12.4 billion)—with a customer base concentrated on military services worldwide, including all five U.S. armed forces branches and operators in 40 nations. Recent developments include the completion of its acquisition of Terran Orbital and subsidiary Tyvak International in late 2024 to enhance satellite production for Space Development Agency programs and commercial missions; strategic memoranda of understanding such as with Diehl Defence in November 2025 for integrated air and missile defense expansion and ongoing technology transfer talks with Saudi Arabia; finalization of F-35 Lots 18 and 19 contracts adding 296 aircraft; major orders for CH-53K helicopters and PAC-3 MSE missiles; launches like GPS III SV07 and advancements in Next-Gen OPIR satellites; introduction of AI innovations including STAR.OS for multi-system integration and Astris AI subsidiary; demonstrations of 5th-generation fighter drone command, autonomous UH-60M Black Hawk via ALIAS/MATRIX, and collaborations like with Airborne on next-generation composites automation; and a record $179 billion backlog as of Q3 2025 amid raised forecasts and investments in digital engineering via ModSTAR.